Rahul worked at a startup, while Rekha was with a large consultancy firm. After their second child was born three years ago, Rekha took a career break and was now considering her next move.
They live in a rented flat but had always dreamt of retiring to their hometown and spending their retirement in a home they would build there.
While Rahul's salary covered their family expenses and allowed them to invest for their children's college education, it was not enough to build their retirement corpus. No funds were available for their dream home. Rahul's Employee Stock Ownership Plans (Esops) from his startup could bridge this gap. But it was risky to depend on Esops for such an important goal.
They considered compromising on their children's education goal or reducing their lifestyle expenses to invest more, but neither option was acceptable to them.
This story is from the November 04, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 04, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Trump Calls for 'Fair' Trade Ties With 'Tariff Maker' India
Says Modi Likely to Travel to US in February
India in watch mode for DeepSeek ripple effect.
While DeepSeek's achievement democratises AI with its open-source model, these are early days to gauge its impact on the enterprise IT ecosystem, say industry experts
Hospitality sector seeks infra status, tax relief in Budget
India's hospitality industry anticipates infrastructure status to lower financing costs, rationalisation of goods and service tax (GST) rates to stay competitive with global peers, a digital single-window clearance system for hotel licences and approvals, and measures for increasing the skilled workforce.
Budget May Boost Investor Confidence, Provide Market Triggers
The valuations for foreign institutional investors (FIIs) have become reasonable, but their main challenge is the stabilization of the currency. This could occur soon, and FIIs are likely to turn buyers, says Naveen Kulkarni, chief investment officer at Axis Securities PMS, in an email interview with Sirali Gupta. Edited excerpts:
Mkts rally for 2nd day on gains in tech stocks
Benchmark indices rose for a second day on Wednesday as investors judged recent losses as excessive and looked to scoop up shares at beaten-down valuations.
Track transactions as frequent small spends can strain budget
According to the credit card trends report for 2024 by Kiwi, a credit-on-UPI (Unified Payments Interface) platform, UPI-enabled credit card users carry out an average of 40 transactions per month—eight times more than traditional credit card users.
Avendus to wind down its hedge fund business
Avendus Capital on Wednesday said it was shutting down its hedge funds business, and Andrew Holland, who was heading the vertical, is moving out of the firm.
Microsoft Investigates DeepSeek-Tied Group's Access to OpenAI Data
Microsoft Corp and OpenAI are investigating whether data output from OpenAI's technology was obtained in an unauthorized manner by a group linked to Chinese artificial intelligence startup DeepSeek, according to people familiar with the matter.
PSBs May Agree to 20% Haircut on MTNL Loans
They have ₹8,144 cr exposure to troubled telco
Betting On The Budget
Why media and policy circles are abuzz with expectations of big announcements on Saturday
