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Financial Management

Updated: Feb 3

February 11th, 2023


Most litigators don't have a steady source of income, retirement benefits like gratuity, PF or medical/health insurance.


When should we start saving?

How can we invest for the future, given the unpredictable income we earn?

What tax benefits can we claim?


Let's ask a financial expert!


Who: Aarti Desikan, Executive Director, Anand Rathi Wealth Ltd.

What: Introduction to the do's and dont's of investing, followed by Q & A.

Why: To stop relying on a male family member or spouse to handle our money and to be financially knowledgeable. With awareness, comes great empowerment 💪🏽


Some of the questions asked and addressed:


Money, Money and Money!

  1. How do I get comfortable with and knowledgeable about investing?

  2. How much of my salary do I need to put away for my future?

  3. What are the pros/cons of saving instruments- RDs, FDs, PPF, Gold, Mutual Funds, Immovable property, any other?

  4. What kind of monthly/yearly investments should I make, keeping in mind my erratic income coupled with consistent monthly expenditure?

  5. Do I need life insurance and Health Insurance?

  6. How risk-averse or risk-friendly should I be while investing?

  7. Does it make financial sense to buy an immovable property and buy EMIs for 15-20 years or just rent residential premises for life?

  8. If I marry, should I keep my finances separate from my spouse’s? Should I have a joint account with him?

  9. Are there any tax benefits that married couples can avail if they invest jointly?

  10. How can I set aside money for my child’s education while still saving for my own retirement?

  11. How can I care for my elderly parents, while still looking after my own financial security? (Do I buy them medical insurance/ life insurance and deposit monthly amounts for living expenses?)

  12. How can I safeguard my financial security while on a maternity break? (How many months’ salary equivalent should I set aside?)

  13. If my marriage breaks down, what kind of financial safeguards can I put in place? How is (monthly or permanent) alimony taxed?

  14. How can I identify a good financial advisor (Credentials, Fee etc)?

  15. How can I safeguard my assets against any debts my family may raise (from parents, siblings or children)?




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