Our last suggestion to readers is to seek guidance from a professional financial planner. Some may ask why should they pay Rs 10,000-25,000 a year for financial advice. After all, there is a lot of free advice coming their way from various sources. But that free advice can be very costly. As Apple CEO Tim Cook said, “If a service is free, you are not the consumer. You are the product.” Insurance companies, banks and mutual funds who give free advice are likely to push unsuitable products that earn them high commissions. Don’t let a low-yield insurance policy or a closed-ended mutual fund become a millstone around your neck. Get objective financial advice by paying for it in 2017.