India's Top 100 Women in Finance.
Founder - @mwgindia SEBI RIA. ex McKinsey. ex Rare.
Simplifies Money. Speaks Sarcasm. Devours Books. Travels the World.
Oct 15 • 8 tweets • 2 min read
🚨 A lot of false info is flying around about the new #EPFO rules.
Many think you can’t withdraw your PF for 12 months after job loss.
That’s wrong.
Here’s what’s really changed (and what hasn’t) 👇
For years, employees could withdraw their full PF 2 months after leaving a job.
Now:
✅ You can still withdraw 75% of your PF
⏳ Only the final 25% can be withdrawn after 12 months.
#1 Avoid funds or investments that charge a higher fee.
Rentech's Medallion fund charges 5% and 44% fee and has delivered a 66% return. If a manager has consistently delivered superior post-fee returns, you'll benefit way more than the fee.
#PersonalFinanceMythBusters
#2 Don't use credit cards
Problem is not with credit cards but with discipline. Like with anything else in life.
If you are disciplined (pay back on time), there are many rewards. Also free credit. If not, you'll get into a vicious cycle.
