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Tag: Retire

Ujjivan begins succession plan, Samit Ghosh to retire in Nov 2019

Ujjivan begins succession plan, Samit Ghosh to retire in Nov 2019

Finance
KOLKATA: Ujjivan Small Finance Bank has begun its succession planning because its founder-cum-chief executive Samit Ghosh is scheduled to retire in November next year. The bank has shortlisted half a dozen candidates for the CEO’s position and is planning to submit a list of three candidates to the Reserve Bank of India by December for its approval. Succession planning, or the absence of it, has been a weak spot in Indian banking, and there are no dearth of examples with the government-owned banks leading the pack. The delicate issue of succession has been highlighted in case of Axis Bank, ICICI Bank and Yes Bank as their chiefs have exited, or are on their way out. “We would like to appoint the new CEO in such a way that there should not be more than six months of overlap,&rdq...
3 reasons to retire as early as you can

3 reasons to retire as early as you can

Finance
Planning young: a retirement roadmap Would you love to retire early? So many people have that goal, and for a variety of reasons. For some, it's a matter of escaping a tough work schedule and the pressures that come with it. For others, it's an opportunity to spend quality time with family and pursue hobbies. Many folks, however, have a hard time with the notion of retiring early, whether it be from a place of financial insecurity or guilt. But if early retirement appeals to you on any level, here are three reasons to go for it. 1. You can afford it Many folks slack in the retirement savings department all their lives. Case in point: The average American aged 50 to 55 has $ 124,831 socked away for the future, according to the Economic Policy Institute, which isn't a wh...
How do you know you're really ready to retire early?

How do you know you're really ready to retire early?

Finance
Planning young: a retirement roadmap How do I know if I can retire early? Some people go to great lengths to set up their spending, saving and investment goals so they can retire early. For Justin McCurry — who retired at age 33 with $ 1.3 million so he could spend more time traveling with his wife and three kids — retirement came more than 30 years early. And not by accident. While the main goal is figuring how much you'll need and reaching that magic number, there are other considerations, too. Hitting that number can be so exciting you want to launch right away, says McCurry. But not paying attention to details of your post-working life can undermine or even undo some of the hard work you've done, he says. Check your math and your risk First, you'...
5 things you must do before you retire

5 things you must do before you retire

Finance
The steady path to a dream retirement If you're looking forward to retirement, you're not alone. Countless workers dream of leaving their jobs behind and enjoying the freedom of unstructured days. But before you pull the trigger on retirement, be sure to tackle the following moves so you don't come to regret your decision later on. 1. Assess your personal savings Hopefully, you spent much of your working years socking away money in an IRA or 401(k). If you're thinking of retiring, now's the time to assess your balance and see what it actually means in terms of usable day-to-day cash. It's easy enough to look at, say, a $ 500,000 IRA balance and think, "Wow, that's a lot of money." But if we apply a 4% yearly withdrawal rate, which has long been the standard, that $ 500,0...
Five beautiful places to retire that will make your jaw drop

Five beautiful places to retire that will make your jaw drop

Finance
Cusco, Peru's most historic city, is a UNESCO World Heritage site with domed churches and ancient, pedestrian-only cobblestone streets.Once an Incan capital, Cusco sits at an altitude of 11,200 feet and has clear, sunny days. Colonial structures have been converted into hip restaurants, shops and even homes. The historic centro is surrounded by a vibrant, modern city.The nearby Sacred Valley lies below snow-capped mountains with villages and several pre-Columbian ruins, including Machu Picchu. Superfoods, like chia seeds, quinoa and maca, are inexpensive and plentiful. A retired couple could enjoy a good life on $ 1,700 a month, expats report. Let's block ads! (Why?) Personal Finance