Retirement Planning versus Child’s Future Planning

Posted by on Apr 13, 2012 in Financial Planning | 2 comments

Recently I was talking to a client who was approaching retirement – both of his parents are alive. To my question, “Do your parents stay with you?”, he politely replied, “No, we stay with our parents”. This one line created a lot of respect for the client; but the question is, will we be that lucky in our retirement days. These days retirement is a real challenge due to low pension or...

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Planning for Children’s Future – Case Study

Posted by on Mar 11, 2011 in Family Finances | 8 comments

Prasad (42) works with Indian Railways as an engineer and his spouse Subhra (35) is a home maker. Prasad has all along been posted in project areas away from urban centres. They have two daughters Vaishna (11) and Vaidehi(5).They are staying in their official  accommodation and have rented their owned  flat. Besides the regular savings in EPF, PPF, NSC, KVP and Life Insurance policies, the...

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