Outlook Money Outlook Money, April 2018 | Page 83

Frank Immanueldino Sterling’s - Way Forward (Action Plan)
Planning Heads Specific Goals Year
Estate Planning Will Immediate
Future
Cost
Retirement
Goal Planning
Frequency /
Status
19,385 Monthly - SIP
Frank's Retirement 2042 74,225,438 Mother's Operation 2018 304,000 Goal Funded
International Vacation 2020 297,754 Goal Funded
Tziona's Higher Education 2032 8,354,496 20,426 Monthly - SIP
Tzona's Marriage 2040 3,819,750 2,500 Monthly - SIP
Wealth Buffer Perpetual 16,322,872 18,000 Monthly - SIP
Total SIP
60,311
Sum
Assured
Risk Protection
Emergency
Fund
Investment
Amount
Premium
Payment
Mode
Life Insurance Immediate 2 Crore 31,027 Annual
Health Insurance (Base Policy) Immediate 5 Lakh 10,280 Annual
Health Insurance (Super-Top
up) Immediate 20 Lakh 3,634 Annual
6 months household expense Immediate 304,000
portfolio ensuring that he does not
incur any exit load nor attract short
term capital gains. We carefully
evaluated the endowment policies
and got them surrendered.