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  • Action Plan

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    Bharathi 3280
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    The document outlines an action plan with goals for various individuals including emergency funds, education funds, insurance, retirement, and long term care. Goals range from 2023 to 2043 with priorities of high, medium, and low. For each goal, it lists the present value, future inflated value, annual premium if any, and proposed fund or asset to map the goal. Key goals include emergency funds, education for children Yash and Krish, upgrading home, travel, insurance for family members, retirement, and long term care for family.

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    Action plan

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    The document outlines an action plan with goals for various individuals including emergency funds, education funds, insurance, retirement, and long term care. Goals range from 2023 to 2043 with priorities of high, medium, and low. For each goal, it lists the present value, future inflated value, annual premium if any, and proposed fund or asset to map the goal. Key goals include emergency funds, education for children Yash and Krish, upgrading home, travel, insurance for family members, retirement, and long term care for family.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views2 pages

    Action Plan

    Uploaded by

    Bharathi 3280
    The document outlines an action plan with goals for various individuals including emergency funds, education funds, insurance, retirement, and long term care. Goals range from 2023 to 2043 with priorities of high, medium, and low. For each goal, it lists the present value, future inflated value, annual premium if any, and proposed fund or asset to map the goal. Key goals include emergency funds, education for children Yash and Krish, upgrading home, travel, insurance for family members, retirement, and long term care for family.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    Action plan

    SIP
    Inflated
    Today's cost Required
    Goal Year Priority adjusted Future Fund/Asset mapped from
    (PV) or
    value
    Premium

    Emergency Fund Bank balance Aman and


    Planning 2024 high ₹ 7,02,141 ₹ 7,02,141 None Monika - Assumed
    Contingency
    Funding 2024 high ₹ 10,00,000 ₹ 10,00,000 None Fixed Deposit - Monika
    Higher Education
    -Yash 2031 high ₹ 25,00,000 ₹ 40,14,454 ₹ 6,160 SIP and Education Loan
    Higher Education
    Krisih 2034 high 2000000 ₹ 39,34,302.71 ₹ 17,500 SIP
    2BHK to 3 BHK
    Proceeds from Existing House
    and Aman's Father house -
    2030 Low ₹ 2,50,00,000 ₹ 3,35,02,391 None Aman and Mother's share
    Travel Goals 2025 Low ₹ 3,00,000 ₹ 24,500 Liquid Fund
    Term Insurance - high
    Aman 2024 ₹ 3,00,00,000 ₹ 90,000 surplus of cash flow (SIP)
    Term Insurance high
    Monika 2024 ₹ 1,00,00,000 ₹ 32,500 surplus of cash flow (SIP)
    Retirement Fund 2043 ₹ 20,600 Acumulated EPF amount till
    ₹ 35,68,987
    Medium ₹ 11,79,597 retirement+SIP
    Long term care
    ₹ 1,48,79,940
    Fund: Krish 2023 Medium ₹ 12,500 SIP
    Long term care
    Fund: Aman's ₹ 23,38,874
    mother 2024 Medium ₹ 25,000 SIP - Mother's rental income
    share and Aman's Share

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