Ladder7 Wealth Planners Private Limited
Suresh Sadagopan 
We need to come to terms with our mortality and get sensible and practical if we want to protect our families from unwanted chaos and turmoil.
What I am about to suggest will be useful in situations beyond Covid and would apply to any situation where we need to deal with death or serious illness and being indisposed.
When we want to park money for the short-term, we need to look at various parameters like Risk, liquidity, tenure, taxation and returns post tax.
For doing Financial Planning, one needs the necessary knowledge on the subject matter. Also, one needs to have interest, skills & the time to understand one’s requirements, evaluate options and create a plan on which to act upon.
Many people today claim to be doing financial planning – insurance agents, distributors, banks – everyone! They tend to portray that by buying some of their products, investors will actually be doing financial planning!
Retirement homes or Assisted Living centres are coming up rapidly across the country as many Seniors have their children staying abroad and they live all by themselves.
Many do not want to stay with their children. Today many children are abroad and the seniors are not too comfortable there as they get stranded when their children go off for work and are dependent on them to go out.
Even within India, many choose to stay by themselves, to preserve their independence, stay in the place they are used to along with their friends, doing their thing. However, at a certain age, maintaining a home gets difficult and managing all the work and household chores becomes more than they can handle.
That is where an assisted living facility fits in.
People want to immigrate as there is easier access to quality education, quality of faculty as well as the pedagogy is great. The facilities are good and those who want to do research, especially in scientific stream find this attractive. There is another major benefit of immigrating into a country. Once a citizen, the education costs in many countries go down dramatically. It can be less than 50% of the cost international students would otherwise pay.
But immigration into many countries is time consuming and the queue can be long. To get into a country faster, there is a fast-track avenue available today – Immigration by Investment.
Crypto currency is a digital currency that is created by “mining” Cryptos. Mining is a process where some people verify transactions and perform the role of auditors. After that, they need to solve a problem to get paid. Only when they do both correctly, they can get paid. For mining cryptos, they need oodles of computing power.
Cryptos uses cryptography during its creation and for verifying transactions that are taking place. It uses blockchain technology and functions on the basis of distributed ledgers that this technology facilitates. Till now, Cryptos have all been outside government purview. It is entirely controlled by third parties.
Caring for a child with special needs is a delicate situation that needs to be handled with patience, maturity, and emotional understanding. Rehabilitating & helping them live a near normal life is what such parents would strive and wish for. That happens in some cases, not all.
Hence planning finances well and charting out as to how the child will be looked after in the future is very important. Parents of these children will have to think through properly and plan well.
Children today are in a fantastic place – they can get anything at all from their parents. This results in an entitlement mentality and reduces their ability to take “No” and causes problems for them in future.
In such a situation, parents need to be careful to help their wards acquire life & money skills to survive in the real world. The real world is not as cozy and forgiving like home.
Children today are in a fantastic place – they can get anything at all from their parents. This results in an entitlement mentality and reduces their ability to take “No” and causes problems for them in future.
In such a situation, parents need to be careful to help their wards acquire life & money skills to survive in the real world. The real world is not as cozy and forgiving like home.