Retirement planning: How to calculate retirement corpus
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The sooner you want to retire, the longer will be your post retirement life. As a result, on one hand, you will have to arrange a bigger retirement corpus for a longer retired life, and on the other hand you will have lesser time to save the required amount.
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Saving for retirement is possibly one of the most important financial goals. This is because accumulating an adequate corpus will help one live a financially comfortable life post retirement. And knowing how much to save, will help during the pre-retirement phase, i.e., the accumulation stage. So, how does one decide how much to save for retirement?
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February 28, 2021 23:06 IST
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Female nurse feeding food to senior patient on bed
Q. I am a government employee and my parents are senior citizens. The upper limit for medical expenditure/insurance in respect of senior-citizen parents is ₹50,000. Further, for individuals, the limit is ₹25,000.
1. Kindly help clarify whether one can claim the benefit of ₹50,000 deduction for medical expenditure under 80D for parents only for certain specified illnesses or for any regular treatment from a recognised hospital or medical practitioner.
2. Since I am covered under government and private insurance, can I claim deduction for my medical expenditure (for which I have not claimed benefits either from the government or from the private insurer) apart from the insurance premium? If yes, then why doesn’t the ITR page provide space for the filling up of personal expenditure details? Kindly also suggest further reading to have in-depth idea o
The Debt Management Office (DMO) said on Thursday that it has listed its third sovereign Sukuk, N162.557bn 7-year 11.200 per cent AL Ijarah Sovereign Sukuk due 2027, on the Nigerian Stock Exchange and the FMDQ Securities Exchange.
This disclosure is contained in a press statement titled ‘Listing of N162.557bn 7-Year 11.200 per cent Al Ijarah Sovereign Sukuk due 2027 on the Nigerian Stock Exchange and FMDQ Securities Exchange’, issued by the DMO on Thursday, March 19, 2021, as can be seen on its website.
The statement says that the Sukuk, which at the time of issuance was massively subscribed to the tune of N669.124bn or 446 per cent, was issued to finance 44 economic road projects across the 6 geopolitical zones, it stated.
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AFRICA’S largest cement producer, Dangote Cement Plc has bagged AA+(NG) and A1+(NG) ratings from Global Credit Ratings(GCR). GCR in its notice, affirmed the long-term and short-term national scale issuer ratings of AA+ (NG) and A1+(NG) respectively, assigned to Dangote Cement Plc, as well as with the outlook accorded as Stable. In addition, the cement firm’s N100bn Series 1 Fixed Rate Bond has been assigned AA+.
This rating signifies that Dangote Cement’s credit profile and liquidity is very strong, with low risk of default. The rating accorded to Dangote Cement is an investment grade rating, signifying that it is an attractive investment vehicle.
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Dangote Cement Plc has bagged AA+(NG) and A1+(NG) ratings from Global Credit Ratings.
GCR, in its notice, affirmed the long-term and short-term national scale issuer ratings of AA+ (NG) and A1+(NG) respectively, assigned to Dangote Cement, as well as with the outlook accorded as stable, according to a statement by the company on Wednesday.
In addition, the cement firm’s N100bn Series 1 Fixed Rate Bond has been assigned AA+.
According to the statement, this rating signifies that Dangote Cement’s credit profile and liquidity is very strong, with low risk of default.
“The rating accorded to Dangote Cement is an investment grade rating, signifying that it is an attractive investment vehicle,” it said.