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How to make a Financial plan

Priya
Priya
STEP 1:        Email Ms. Priya fzcdeca@gmail.com or Whatsapp: Priya+91-7760094400 for appointment
STEP 2: Qualified expert will gather your personal info via phone / Skype
STEP 3: Make payment
STEP 4: Financial Plan with Action points will be emailed to you

 

 

We are Financial and Tax Planners in India and help NRIs find out exactly how much they need to invest every month and the best way to go about it to minimize Tax. Charges for a Personal Financial Plan range between 50-150$ per person. There is no obligation for you to invest. All personal information will be kept totally confidential.

 

You need to provide information about yourself, which usually takes 30 minutes. This information gathering can be done via phone / online chat. Your information will be processed and the amount you need to invest or insure will be calculated. The results will be presented to you in a simple table, see below. This will help you understand the implications and take necessary action in time

 

 

Points of Action resulting from Financial Plan (Example):

Client: Mr. DJP and family, Dubai, UAE

Date: 20 July 2015


Description Current value Coming in years Future value Montly SIP needed
Retirement expenses per year (age 60-80) 600,000 17 4,100,000 see cell below
Retirement corpus at 60, to be drawn down till 80 45,700,000 34,600
KP's Education 350,000 13 1,527,000 3,500
Intl. Holiday 240,000 Every yr 20,000
Car 1,500,000 4 2,360,000 37,000
House 6,000,000 17 41,200,000 50,000
KP's Wedding 2,400,000 18 18,500,000 19,000
Major H. Ins premium p.a. from age 60 105,000 26 2,000,000 see cell below
Major H. Ins corpus required at 60, to be drawn down till 80 14,000,000 4,465
Total monthly SIP* needed 175,300
Total monthly SIP in place 30,000
ACTION → Shortfall 145,300




Risk cover ↓ ACTION ↓
Description Required Present available Shortfall Amt to secure
Family Minor health risk cover 0 - 3 Lakh (appendicitis, falls, aches, pains etc) 500,000 500,000 NIL -
Family Major health risk cover 50 Lakh (terminal illness, major accidents etc.) 5,000,000 NIL But Start with 25,00,000 15,485 p.a
Life cover for main earning member (30-60yrs = 1.5 years income) 69,00,000 500,000 64,00,000
but min cover is for 50 Lakh

116,159

one time 

for full 15yrs

Contingency / emergency funds (3 months income, held in Liquid fund) 2,160,000 0 2,160,000 2,160,000
POA (Power of Attorney) To protect assets in case of emergency Yes NIL POA
For UAE & India $1260 + 
$430 govt. fees
Will - To prevent delay / cost after death Yes NIL Will



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Deca Office 3-3-245/2 next to Bejai church complex, Bejai, Mangalore, 575004 India 

 

Fortune Executive Tower, Cluster T, Adjacent to Dubai Marina Metro station, JLT, P.O. Box 336953, Dubai

  

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