This document provides an overview of Mr. XYZ's financial plan. It analyzes his current assets of Rs. 1.19 crores in fixed assets and Rs. 40 lacs in financial assets against total liabilities of Rs. 27.5 lacs, giving a current net worth of Rs. 1.32 crores. It then breaks down his annual income sources, expenses, savings and cash flows. Based on a risk assessment, it recommends an aggressive asset allocation of 70% in equities, 20% in debt and 10% in cash. Finally, it analyzes his financial goals for education, marriage, retirement and vacations, and provides suggestions to meet these goals through insurance plans and investment strategies.
Planning is bringing the future into the present, so that you can do something about it now. Wise money management can take a lot of worry out of your life.
Know some amazing and important Financial planning tips.
Planning is bringing the future into the present, so that you can do something about it now. Wise money management can take a lot of worry out of your life.
Know some amazing and important Financial planning tips.
Personal Financial planning & ManagementAshish Ongari
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
Financial planning is for everyone. If you're like most people, financial planning might seem very complicated and confusing, and you might not know where to start. However, here are some ideas to help you get started.
This document covers the below things of a client
Goal analysis, Income & Expense Analysis, Retirement Planing, Insurance planning, Future cashflow, Estate planning
Financial Planning - Helping You Sail Successfully into the FutureFrank Wiginton
This is a short e-book I wrote to help dispel some of the myths about financial planning and educate the public on what financial planning really is and what it can do and provide.
This presentation is made by students of ACPCE - Anamika Mishra, Kirti Karawde, Prathamesh Mahadik, and Ritik Kale.
This presentation introduces the concept of financial literacy to the young generation. It also gives tips on how to go from financially crippled to financially able.
Is there something different you would like to be doing with your money but you are not sure what is the right next step for you right now? (After all there are thousands of choices).
In this presentation you can diagnose your stage in the Six Stages of Wealth Creation. Then discover the right next action for you to do with your money.
What is your financial plan for your entrepreneurial activity?The Importance of a Financial Plan. Operating and Capital Budgets. Pro Forma Income Statements. Statement of Cash Flows: The Indirect Method
Personal Financial planning & ManagementAshish Ongari
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
Why Retirement plan ( Things to remember while planning for retirement )Singharoy Investment
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Retirement is the time when you would like to spend your days doing what you love — travel, live in the farm house, start a poultry farm, restaurant etc. However, I have come across many people who are not very comfortable about retirement thinking that their regular income will then become irregular.
Starting early helps save more
It's good if you start planning your finances early – your financial commitments are likely to be fewer, and hence you can salt away more. Planning at the early years of your career also helps compound the corpus many times by the time you retire.
Things to remember while planning for retirement
1: Decide how much income you require to live comfortably in your post-retirement years. Consider aspects like increased medical costs, vacations but reduce costs like children's education and rent, if you own your home. You must map this income on basis of your current lifestyle.
2: Determine how much you need to save regularly, starting today, to have the right amount. Start allocating as much as you can towards your retirement kitty. In case you are currently not in a position to set apart the funds required, start with whatever is at your disposal.
3: Select the right retirement plan, which will help you meet your post-retirement requirements.
4: Start saving now! Then you will have time on your side and can enjoy the power of compounding.
5: Systematically invest a fixed amount every month for your post-retirement years and lead a tension free healthy retirement.
Not only is retirement planning an essential aspect of one's overall financial planning exercise but is also crucial to be commenced early in life. One must always remember that systematic and early retirement planning can help you reduce your financial burden incurred during the post retirement years and help you plan for a carefree and financially secured post retirement life today.
Financial planning is for everyone. If you're like most people, financial planning might seem very complicated and confusing, and you might not know where to start. However, here are some ideas to help you get started.
This document covers the below things of a client
Goal analysis, Income & Expense Analysis, Retirement Planing, Insurance planning, Future cashflow, Estate planning
Financial Planning - Helping You Sail Successfully into the FutureFrank Wiginton
This is a short e-book I wrote to help dispel some of the myths about financial planning and educate the public on what financial planning really is and what it can do and provide.
This presentation is made by students of ACPCE - Anamika Mishra, Kirti Karawde, Prathamesh Mahadik, and Ritik Kale.
This presentation introduces the concept of financial literacy to the young generation. It also gives tips on how to go from financially crippled to financially able.
Is there something different you would like to be doing with your money but you are not sure what is the right next step for you right now? (After all there are thousands of choices).
In this presentation you can diagnose your stage in the Six Stages of Wealth Creation. Then discover the right next action for you to do with your money.
What is your financial plan for your entrepreneurial activity?The Importance of a Financial Plan. Operating and Capital Budgets. Pro Forma Income Statements. Statement of Cash Flows: The Indirect Method
Want wealth? Use Wisdom from within the Billionaire Handbook
Are you highly ambitious and hungry for wealth? Do you have an outrageous sense of style and fashion, and a huge appetite for the finer things in life that only cold hard cash can satisfy? Does making money occupy a significant portion of your waking moments? Looking for a program that will make you a billionaire in the next fifteen years or less?
It’s your time to take over the world with the wisdom contained inside the billionaire handbook.
Learn the secrets of increasing your wealth exponentially with the billionaire program. The Billionaire Handbook contains everything you need to know about how rich amass wealth.
This is what you’ll learn from the program;
- Billionaire wisdom, have the body of knowledge that is consistent with a billionaire mindset.
- Ways of building massive wealth starting from a position of limited financial resources.
- To live the billionaire life, walk and talk like a billionaire.
- Absorb the investment strategies of billionaires, learn wise capitalism, enterprise and portfolio management, find out ways to maximize returns from your investments.
- Discern billionaire capabilities, make money and conquer the world with the gifts your status has bestowed upon you.
- How to play in the league of private equity and secondary market exits and build your billionaire portfolio.
- Get to know how to monetize affiliate programs and manual referrals.
Grab the handbook for the Billionaire Program and start your journey to super riches in 15 years or less. What’s more, you also get to have the billionaire guarantee - just follow what the handbook and the program say and if you are not a billionaire after fifteen years be sure to get your money back.
Are you ready to become a billionaire? Don't miss the opportunity of a lifetime, Click to order now.
7 Financial Hacks for Promotional Marketers (and Independent Contractors Too!)Edwin J. Goitia
Are you a promotional marketer or independent contractor?
Tired of paying too much in taxes ever year!
Look no further and we will share with you 7 tips to start implementing right away to come out on top financially!
K.Gandhi Present
Financial Literacy through Financial Planning and knowledge Coaching through Seminars And Article
Financial Literacy in India is very low
People invested there Harden money through mediators like Agents, Brokers , Banker’s Cross sell or Advt. world like T.V.,News paper, tips or own understanding through on line search, past track records etc.. etc.. Due to lack of time.
But when it realizes on later half then its too much late. To avoid this kind of situations with there harden money or trial and error method needs financial planning and update with financial literacy.
The only problem with retirement planning is - it is very boring and takes a lot of time. As a financial planner, it was a challenge for me to educate a 21-year-old guy about starting his retirement planning now. So, here's a presentation that is perhaps the simplest and easiest way to make you understand about what, why and how of RETIREMENT PLANNING.
Financial Literacy for Teens and Students Experian_US
Join our #CreditChat every Wednesday at 3 p.m. ET on Twitter and YouTube. This week, we discussed Financial Literacy for Teens and Students. Our #CreditChat panel included Steve & Annette Economides – New York Times Best Selling Authors and Founders of MoneySmartFamily.com, Laura Levine – President of the Jump$tart Coalition: Financial Smarts for Students, Brian Page - Budget Challenge Outreach and Education, Manager and Debbi King- Personal Finance and Life Coach and Owner of ABC’s of Personal Finance. We were also joined by several influencers in the personal finance community on Twitter. This deck features tips from: @FinEdChat, @WealthwithMina, @mymoneycoach_ca, @RAHomes, @FamZoo, @LeslieHTayneEsq, @ncl_tweets, @NextGenPF, @b__wil, @christaylor_nyc, @ACCC_helps, @TraeRetailMeNot, @PiggieBanker, @MiriamSCross and @emergebenefit
Marketing Plan for New App : foodi-e-streetOmkar Nawlakhe
This presentation is the final project of Marketing Internship under guidance of Prof. Sameer Mathur, IIM Lucknow. This project is marketing plan for new app, foodi-e-street
This financial plan various sections. Each section is designed to give you a better understanding of your financial circumstances, and what's projected for the future.
Investor awareness programs in Indian equity markets provide foundational knowledge, risk management strategies, and market insights. Participants learn about equity investments, risk assessment, and market analysis, empowering them to make informed decisions. Strategies such as diversification and ethical investing are emphasized, while technology is leveraged for efficient portfolio management. Continuous learning ensures investors stay updated on market trends. These programs foster a knowledgeable and resilient investor community, enhancing the integrity and efficiency of the market ecosystem. For more information Contact https://www.Rytvae.com
ACHIEVE YOUR FINANCIAL DREMS THROUGH THE SYSTEMATIC SAVING AND INVESTMENT PLANS
IF YOU WANT YOUR DREAMS TO
BECOME REALITY CONTACT
rravindrakumar@gmail.com
Financial Planning is a long term process through which you can achieve your financial goals. We at Financial Hospital bring to you a presentation to help you understand the basics of having a healthy and planned financial future.
Market is back with a Bang !
Invest in right
product & sit
tight till your
investment
tenure
Earn up to 12% p.a. by Investing in Inventory
Finance Opportunity
Albion Financial Group Senior Wealth Advisors Sarah Bird, CFP and Liz Bernhard, CFP, MBA work with clients to ensure their financial concerns are addressed in an integrated fashion, that pieces of their overall plan are working in concert, and that tactical changes to investment portfolios are made to stay on track toward each client’s goals.
Financial planning playa avery important roli in our economy..Financial planning is like all other phases of life; it involves choices
Spend now or save for later?
Pay off existing bills or increase retirement savings?
Focus savings dollars on short term or long term goals?
A true financial plan does not focus one aspect or product, but instead seeks to take all areas of planning into consideration when making financial decisions.
Similar to A simple and revolutionary financial plan report that does something simple. (20)
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
A simple and revolutionary financial plan report that does something simple.
1. Mr. XYZ and Family
FINANCIAL
PLAN
A B H I N A Y G U P T A . I N
2. OVERVIEW
A financial plan is a comprehensive
evaluation of an your current pay and
future financial state by using current
known variables to predict future income,
asset values and withdrawal plans.
A B H I N A Y G U P T A . I N
3. A B H I N A Y G U P T A . I N
Rs.1.19 Crores Rs.40 Lacs Rs.27.50 Lacs
FIXED ASSETS FINANCIAL ASSETS TOTAL LIABILITIES
4. is your total net worth* .
Rs.1.32CRORES
Net worth (sometimes called net or
wealth) is the total assets minus total
outside liabilities of an individual. Net
worth is used when talking about the
value of an individual's net economic
position. Put another way, net worth is
any asset owned minus any debt owed.
A B H I N A Y G U P T A . I N
5. A B H I N A Y G U P T A . I N
Spouse Income
7%
Rental Income
26%
Salary Income
66%
ANNUAL
INCOME
BREAKUP
6. A B H I N A Y G U P T A . I N
Entertainment
6%
Medical
1%
Education
7%
Traveling
4%
EMI
34%
Others
10%
Household
37%
ANNUAL
EXPENSES
BREAKUP
7. A B H I N A Y G U P T A . I N
Investibles
22%
Savings
78%
BALANCE
BREAKUP
9. YOUR RISK PROFILE
Risk profiling is a process of finding the optimal level of
investment risk for your client considering the risk
required, risk capacity and risk tolerance, where, risk
capacity is the level of financial risk you can afford to
take, and. risk tolerance is the level of risk you are
comfortable with.
A B H I N A Y G U P T A . I N
10. A B H I N A Y G U P T A . I N
AGGRESSIVE
INVESTOR
Based on your answers given for risk profiling questionnaires, you are
11. AS AN AGGRESSIVE INVESTOR
Your primary
aim is growth
of capital
You are
comfortable
with initial
fluctuations in
the value of
your
investments to
generate high
returns.
You
understand
that taking
larger risk
helps earn
higher returns.
You prefer
investing in
avenues such
as equity that
provide high
returns but at
the same time
pose high risk.
12. ASSET ALLOCATION
One of the most important stages in analyzing your
investments is to understand your asset allocation.
Asset allocation represents the mix of stocks, bonds,
and cash that you own.It is important to have a right
asset mix in order to enhance your return potential and
provide you the right diversification to benefit from
various investment opportunities.
A B H I N A Y G U P T A . I N
13. A B H I N A Y G U P T A . I N
Debt
9%
Cash
19%
Equity
72%
CURRENT
ASSET ALLOCATION
14. A B H I N A Y G U P T A . I N
Debt
20%
Cash
10%
Equity
70%
RECOMMENDED
ASSET ALLOCATION
15. FINANCIAL GOALS
A financial goal or financial target is an objective
which is expressed in or based upon money. Examples
include debt reduction, sufficient wealth to retire or
minimization of tax.
A B H I N A Y G U P T A . I N
16. A B H I N A Y G U P T A . I N
X-Graduation | 12 Years |
Rs.3,000,000
Y-Graduation | 16 Years |
Rs.3,000,000
Retirement | 19 Years |
Rs.600,000 p.a
X&Y Education | 15 Years |
Rs.600,000 p.a
X-Marriage | 20 Years |
Rs. 1,000,000
X-Marriage | 27 Years |
Rs. 1,000,000
Vacation 1 | 2 Years | Rs. 500,,000
Vacation 2 | 7 Years | Rs. 500,,000
17. GOALS ANALYSIS
AND SUGGESTIONS
The purpose of this stage is to analyze your finances,
make specific recommendations and develop strategies
to meet your short- and long-term financial goals.
A B H I N A Y G U P T A . I N
18. VACATIONS
Future Cost- Rs.583,200 Future Cost- Rs.856,912
Existing linked assets
Invest Rs.13,714 p.a from 2017 to 2018 Invest Rs.11,132 p.m from 2019 to 2024
Vacation 1 Vacation 2
Reduce your value from Rs. 5 lakh to
Rs.3 lakh.
New Investments
19. EDUCATION
X-Graduation Y-Graduation XY-Graduation
Future Cost- Rs.7,554,510
Max Newyork Life
Insurance
PPF
LIC Policy
Mutual Fund
Future Cost- Rs.10,277,828
Icici Pru Life Insurance
Mutual Fund
Future Cost- Rs.3,172,169
Mutual Fund
Existing linked assets Existing linked assets Existing linked assets
20. MARRIAGE
X-Marriage Y-Marriage
Future Cost- Rs.4,660,957 Future Cost- Rs.7,988,061
Mutual Fund
Existing linked assets
Invest Rs.4,949 p.m from 2019 Invest Rs.8,243 p.m from 2019
New Investments
21. A B H I N A Y G U P T A . I N
RETIREMENT PLANNING
Annual Expenses:
Rs.600,00 p.a.
Retirement Age:
55 Years
Life Expectancy:
80 Years
Contingency Fund:
Rs.5,436,540 p.a.
Rs. 88,894,363
Total Retirement Corpus Required
22. Rs. 88,894,363
Total Retirement Corpus Required
Rs. 55,285,747
Corpus from existing investments
Rs.33,608,615
Shortfall in required Corpus
Invest Rs. 9,100 p.m increasing @ 20% p.a
A B H I N A Y G U P T A . I N
24. A B H I N A Y G U P T A . I N
INSURANCE PLANNING
Regular Expenses till
life time: Rs.970,000
Existing Cover:
Rs.20,000,000
Liabilities :
Rs. 1,300,000
Future Obligations:
Rs.9,000,000
Rs. 22,970,000
Total Life Insurance Cover Required
25. Rs. 22,970,000
Total Life Insurance Cover Required
Rs. 20,000,000
Existing Insurance Cover
Rs.2,970,00
Shortfall in life Insurance Cover
Buy a pure term life insurance policy for the
deficit cover in life insurance.
A B H I N A Y G U P T A . I N
27. 2017Repayment of Personal Loan
Rs.1,300,000
INCOME&LIABILITIES
2020
Maturity of Max Newyork Life
Insurance
Rs.1,349,220
2022
2024
2026
2027
2028
2032
2033
2039
Maturity of LIC
Rs.408,995
X Graduation
Rs.7,554,510
Maturity of ICICI Pru Policy
Rs.1,747,486
X/Y Education Fund
Rs.3,172,169
Y Graduation
Rs.10,277,828
X Marriage
Rs.4,660,957
Y Marriage
Rs.7,988,061
PF Accumulation & Expected
gratuity of Spouse
Rs.14,708,391
28. A B H I N A Y G U P T A . I N
ACTION PLAN
Insure your life for an additional amount of Rs. 85 lakh
Insure your life for an additional amount of Rs. 85 lakh.
Take a family floater medical insurance cover for your family for Rs. 4 lakh and
increase the same regularly.
Insure your existing house properties.
Maintain a contingency fund of at least 3 months’ expenses in your Savings balance.
Reduce the value of your Vacation-1 goal (2 years) to Rs. 3 lakh (in today’s value).
Postpone your retirement by 3 years to your age of 58, if you want to spend the
desired post-retirement expenses & accommodate your Vacation-2 goal (7 years).
Create a medical contingency fund of Rs. 10 lakh (in today’s value) by the time you
retire.
Start investing for accumulating the shortfall in your goals and retirement corpus &
start paying insurance premiums as per the table provided in the next page.