Financial Planning2

7/26/2019 Financial Planning2

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FIN AN CIAL PLAN N IN G FO RIN D IVID UALS

By-

Satyam Acharya


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W HAT IS?

Planning is the process of thinking about andorganizing the activities required to achieve adesired goal.

inancial planning is thinking about the futuree!penses and organising the investments toachieve that desired goal and meet thee!pense.

"t is about #here to invest keeping in mind therisk-taking ability.


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W HY?

$o ensure timely availability of funds fordi%erent e!penses.

$o ensure optimum utilization of funds.

$o get ma!imum possible return from theinvestments& keeping in mind the risk factor.

$o convert dream into reality.


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HOW ?

'. Protect.

(. Plan

). Prioritize *oals

+. Pass along Assets

Source , ###.herlongganddoran.com


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Com ponents

"nvestment planning.

"ncome ta! planning.

acation planning.

aternity planning.

/hildren 0ducation planning.

"nsurance planning and risk management.

0state planning. 1etirement planning.


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Factors to Consider

Age actor.

1isk-taking ability actor

"ncome quantity actor.

"ncome source actor.

Spending Patterns.

inancial *oal actor.


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Instrum ents

Fixed/Recurring Deposits.

Bonds (Company/Government).

Employee/Pulic Provident Fund.

!e" Pension #c$eme/ ot$er PensionPlans.

E%uities/Commodities.

&nsurance('ie/General). utual Fund.

#ystematic &nvestment Plans.

Derivatives (#toc*/Currency).


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Financial Planning Requirem ent

For Business Class For #alaried Class

/ontingent uture Pro2tability.

#ecuring Resources o

&ncome. uture e!pansion of Business.

Securing present estate.

3ife /over.

Personal4amily 5ealth concern.

/hildren 0ducation. Buying of Assets.

5oliday $rip.

/hildren6s arriage.

Saving $a!.

1etirement4After quitting

Business.

/ontingent 0mployment 7"f

Private employee8.

Securing present estate.

+ac*le &n,ation.

3ife /over.

Personal4amily 5ealth concern.

/hildren 0ducation.

Buying of Assets.

5oliday $rip.

/hildren6s arriage.

Saving $a!.

Retirement.


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G

Mighthaveafinancialsupportfromparents.

Nohabitofnvestmentsan!li"estospen!.Ma#bethin"ingof$u#inga%omeor&ar.

Planningtogetmarrie!.

Ma#bethin"ingof%igherE!ucation.

&anta"ehighris" AGE GP 31-'(

%ave a high )ebt *epa#ment throughnstallments i.e. EMs

Ma# +ant to save for &hil!ren,s

e!ucation.Persons nee! to financiall# protect theiramil# an! )epen!ents from unfortunateevents.

El!erl# parents also nee! financialsupport.

tart saving for retirement

AGE GP '(-/0

aving for retirement.&hil!s %igher E!ucation Epenses orMarriage.

Previous nvestments giving Goo!!ivi!en!s an! *eturns.

AGEGP/01

Nee!regularincometomaintaincurrentlifest#le.

Nee!toprotectinvestmentsfrommar"etris".

Nee!tosaveforspouse.

*e2uireenoughcashbalanceforan#emergenc#me!icalepen!itureforbothselfan!spouse.

F&!-!C&-' !EED-!-'#


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G

avemorean!investmore5itsonl#possible!uringthisstageoflife5

+hereresponsibilitiesareless.

46P+oul!bebetteroptioninthisstage.E2uit#an!e2uit#relate!instruments.

houl!thin"forbuil!ingrealestate.

7er#longterminvestment AGE G*4P 31-'(

Nee! a more stable portfolio5 +ithmo!erate ris".

houl! concentrate on less volatileinvestment

nsurance is a must5 inclu!e chil! planan! retirement plans un!er this.

houl! concentrate on re!ucing !ebts

*elativel# long term investment

AGE G*4P '(-/0

houl! invest in instruments +hich

provi!e regular return5 such as fie!income pro!ucts.

Ma8or portion of investment shoul! be!iverte! to+ar!s retirement plan.

%ealth insurance shoul! be inclu!e!.

nvestment shoul! be highl# li2ui!

AGEG*34P/01

inglePremiummme!iateAnnuities

%ealthnsuranceisamust*egularincomepro!ucts

houl!!oestateplanning

GENE*A69E) P6AN


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$hank 9ou

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