Are guaranteed income plans an option for you?

Are guaranteed income plans an option for you?

When the government rolled back the cut in small savings rates, millions of investors heaved a sigh of relief. Investors are already feeling the pinch of low rates on bank deposits. The 5-year term deposit rates are hovering around 6.5%. In the 30% tax bracket, the post-tax return is 4.5%. At the same time, guaranteed income plans from life insurance companies are offering yields as high as 5.5-6% (see tables). Long derided for giving low

About Author

Related posts