Question about long term savings and investment plans

POSTED BY akshaykumar ON January 25, 2015 4:11 pm ONE COMMENT

My spouse and I have a combined monthly income of 2.2 lakhs. We have combined EMIs of around 80k per month. I am 35 and my spouse is 30. We have annual expenses of around 8 lakhs (taking into account surprise expenses, so this is a slightly inflated estimate). Our current investments are as follows

  • 2 term insurances
  • We save around 80k per month in multiple RDs, 10k in 3 different mutual funds
  • 2 money back policies with total annual premiums of 80k

We want to plan for the following

  • A retirement fund
  • We are planning to have a child within the next year. We need to plan for his/her education/future as well.

Can you advise as to what avenues we should look at for these two long term goals? Any other advice on our current investments is also welcome.

One reply on this article “Question about long term savings and investment plans”

  1. Hemanth says:

    For your income and goals, I would suggest you to approach a fee-only financial planner and discuss with him.

    below link might help you.
    http://freefincal.com/list-of-fee-only-financial-planners-in-india/

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