POSTED BY July 29, 2012 1:48 pm COMMENTS (12)ON
I am Viswanath – 32 years, married and blessed with a little daughter (1 month old) living in abu dhabi.
I draw 2 lakhs p.m and my monthly expenditure is Rs.50,000.
My assets include:
3 BHK individual home in Trichy (finished paying home loans) – renting @ 7500 pm
2 BHK in Chennai recently booked. (will be self financing as construction is in foundation stage).
(expected completion is 2014 March – planning to rent after that)
Have some Bank FD’s – 3 Lakhs.
Have Jeevan Anand from LIC for 5L + 5L (20 and 25 years tenure respectively) – started 2004
Paying premium of 25000 p.a
For wife, Jeevan Anand for 3L with 20 years tenure – started 2010
Paying premium of 12,500 p.a
LIC Market plus @ 10,000 p.a paying for last 5 years – 2 Nos
LIC Money plus @ 10,000 p.a paying for last 4 years – 1 No
Because I have started the ULIPs, I wish to continue for 10 years (min).
I would like to achieve the below goals & need advice from financial guru’s :
1. Child’s education plan (30 Lakhs)
2. Save for her marriage (25 Lakhs)
3. Earn a monthly pension around Rs.50,000 (considering retirement at 58 years)
My major portion (60%) of savings would go to my new home till 2013.
Looking forward for replies from some experts, so I can start a disciplined approach to meet my goals.
2021 © Jagoinvestor.com All Right Reserved