{"id":6984,"date":"2022-01-02T02:19:44","date_gmt":"2022-01-02T02:19:44","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=6984"},"modified":"2022-01-03T07:44:55","modified_gmt":"2022-01-03T07:44:55","slug":"2022-financial-checklist-for-your-family","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/2022-financial-checklist-for-your-family\/","title":{"rendered":"2022 Financial checklist for your ?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_40 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" area-label=\"ez-toc-toggle-icon-1\"><label for=\"item-69da410dda8b7\" aria-label=\"Table of Content\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-69da410dda8b7\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/kuvera.in\/blog\/2022-financial-checklist-for-your-family\/#Feature_Showcase_Tax_Harvesting\" title=\"Feature Showcase: Tax Harvesting\">Feature Showcase: Tax Harvesting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/kuvera.in\/blog\/2022-financial-checklist-for-your-family\/#Interested_in_how_we_think_about_the_markets\" title=\"Interested in how we think about the markets?\">Interested in how we think about the markets?<\/a><\/li><\/ul><\/nav><\/div>\n<p>There is so much uncertainty in managing our wealth that sometimes it leads to analysis paralysis on what to do. There are too many views. Some like small caps, some don&#8217;t. Some like goal planning, some don&#8217;t.<\/p>\n<p>&nbsp;<\/p>\n<p>So we distilled all the financial wisdom into 5 simple and actionable steps. A checklist of things to do in the new year that almost no one will disagree with!<\/p>\n<p>&nbsp;<\/p>\n<p><strong>1\/ Long Term Capital Gains optimization:<\/strong>\u00a0Markets are at all-time highs and your portfolio must surely have long term capital gains. Did you know you can realize up to \u20b91 lakh of long term capital gains\u00a0every year and not pay any tax on it? That&#8217;s a tax saving of up to \u20b910,000 every year.\u00a0 Our\u00a0<a href=\"https:\/\/kuvera.in\/feature\/tax-harvesting\" target=\"_blank\" rel=\"noopener noreferrer\">Tax Harvesting feature<\/a> can help you realize this effortlessly.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>2\/ Top up your SIPs:<\/strong>\u00a0Add to your\u00a0<a href=\"https:\/\/kuvera.in\/systematic\/sip\" target=\"_blank\" rel=\"noopener noreferrer\">SIPs<\/a> periodically &#8211; we suggest 10% annually if you can afford it. Since most individuals do a financial assessment in January, this is as good a time as any to add to your SIPs. It is a good habit. SIPs on Kuvera come with an auto-reminder to top them up by 10% at your SIP anniversary.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>3\/ ELSS investments: <\/strong>Use our\u00a0<a href=\"https:\/\/kuvera.in\/explore\/tax-slab-2020\" target=\"_blank\" rel=\"noopener noreferrer\">tax calculator\u00a0<\/a>to see if ELSS investments make sense for you under the new tax regime. If they do, make those investments today. It is the easiest way to save up to \u20b946,350 in taxes under section 80C.<\/p>\n<p>&nbsp;<\/p>\n<table class=\"mcnImageBlock\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody class=\"mcnImageBlockOuter\">\n<tr>\n<td class=\"mcnImageBlockInner\" valign=\"top\">\n<table class=\"mcnImageContentContainer\" border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnImageContent\" valign=\"top\"><a class=\"\" title=\"\" href=\"https:\/\/kuvera.in\/explore\/us-stocks\/list\/all\" target=\"_blank\" rel=\"noopener noreferrer\"><img class=\"mcnImage\" src=\"https:\/\/mcusercontent.com\/9460ade7a36b92bd9a14f2bfd\/images\/bdc81dbf-c01f-4e63-b8a0-3fc9be190428.png\" alt=\"\" width=\"564\" align=\"center\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong>4\/ Get health coverage:<\/strong>\u00a0~55 million Indians were pushed in poverty in a single year due to medical expense. With the rising cost of medical care, sufficient health insurance ensures that you do not have to withdraw from your savings prematurely. Use our fair and friendly\u00a0<a href=\"https:\/\/kuvera.in\/explore\/insure\/health\" target=\"_blank\" rel=\"noopener noreferrer\">health insurance<\/a> to protect your loved ones and reduce your taxable income by up to \u20b91 lakh in taxes under section 80D.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>5\/ Maintain an emergency fund:<\/strong>\u00a0Last two years were a lesson in crisis management and showed us the importance of keeping a stash of cash to tackle unexpected expenses. The most important feature of an emergency fund is it to be\u00a0<a href=\"https:\/\/kuvera.in\/explore\/save-smart\" target=\"_blank\" rel=\"noopener noreferrer\">liquid<\/a>, i.e accessible when you need it the most. Make sure your emergency fund covers 6 &#8211; 12 m of living expenses or more.<\/p>\n<p>&nbsp;<\/p>\n<p>Happy investing,<br \/>\nGaurav<br \/>\nCEO | kuvera.in |\u00a0<a href=\"https:\/\/twitter.com\/rustapharian\" target=\"_blank\" rel=\"noopener noreferrer\">@rustapharian<\/a><\/p>\n<p><strong>Love our blog? Share it with friends (sample <a href=\"https:\/\/ctt.ac\/fRi5s\" target=\"_blank\" rel=\"noopener noreferrer\">tweet<\/a> | <a href=\"https:\/\/api.whatsapp.com\/send\/?phone&amp;text=Highly%20recommend%20the%20weekly%20wealth%20newsletter%20from%20kuvera.in%20%20Signup%20here:%20https:\/\/kuvera.in\/?p=finance-insights\">WhatsApp<\/a>)<\/strong><\/p>\n<p>&nbsp;<\/p>\n<table class=\"mcnCaptionBottomContent\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td class=\"mcnCaptionBottomImageContent\" align=\"center\" valign=\"top\"><img class=\"mcnImage\" src=\"https:\/\/mcusercontent.com\/9460ade7a36b92bd9a14f2bfd\/images\/cd4cdda0-9ad1-48e1-9be7-897d653b7a1f.png\" alt=\"\" width=\"564\" \/><\/td>\n<\/tr>\n<tr>\n<td class=\"mcnTextContent\" valign=\"top\" width=\"564\">\n<h4><span class=\"ez-toc-section\" id=\"Feature_Showcase_Tax_Harvesting\"><\/span>Feature Showcase: Tax Harvesting<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><a href=\"https:\/\/blog.kuvera.in\/save-up-to-%e2%82%b910000-in-ltcg-taxes-with-tax-harvesting\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Tax Harvesting<\/strong><\/a> is a technique that utilises the \u20b91 Lakh annual LTCG exemption by selling and buying back part of your investment such that you \u201crealise\u201d gains and not pay taxes on them.\u00a0At a 10% LTCG tax rate, you could save up to Rs 10,000 in LTCG taxes every year by doing this diligently.<\/p>\n<p>Do not wait for February \/ March of FY21 to harvest taxes. Do it as early in the financial year as possible &#8211; as happened in FY20 you may not have gains later to harvest!<\/p>\n<p>Like all our features, Tax Harvesting optimizes on your entire portfolio &#8211; bought on Kuvera or <a href=\"https:\/\/blog.kuvera.in\/automatic-tracking-of-your-external-transactions\/\" target=\"_blank\" rel=\"noopener noreferrer\">imported<\/a> from elsewhere.<\/p>\n<p><strong><a href=\"https:\/\/kuvera.in\/feature\/tax-harvesting\" target=\"_blank\" rel=\"noopener noreferrer\">Start harvesting<\/a>\u00a0today.<\/strong><\/p>\n<p>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><\/h4>\n<h4><span class=\"ez-toc-section\" id=\"Interested_in_how_we_think_about_the_markets\"><\/span>Interested in how we think about the markets?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"Kuvera Insights\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLDSzQdT9nLmCysU31bg4Ngh7WY2p3UiiI\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> \u00a0and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is so much uncertainty in managing our wealth that sometimes it leads to analysis paralysis on what to do. There are too many views. Some like small caps, some don&#8217;t. Some like goal planning, some don&#8217;t. &nbsp; So we distilled all the financial wisdom into 5 simple and actionable steps. A checklist of things [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/2022-financial-checklist-for-your-family\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":6986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[173],"tags":[484,3,486,488,481,487],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2022 Financial checklist for your ? - Kuvera - Kuvera.in<\/title>\n<meta name=\"description\" content=\"A financial checkilst to ensure that you have covered all the basics of financial planning for the new year and ready to take on 2022!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/2022-financial-checklist-for-your-family\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2022 Financial checklist for your ? 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A graduate of IITD and Chicago Booth, he managed a long-short equity strategy for Morgan Stanley before starting Kuvera.","url":"https:\/\/kuvera.in\/blog\/author\/rustyhk123\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/6984"}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=6984"}],"version-history":[{"count":4,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/6984\/revisions"}],"predecessor-version":[{"id":9679,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/6984\/revisions\/9679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/6986"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=6984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=6984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=6984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}