Financial Planning

Financial
Planning
visit: www.LearningPresentation.com
FINANCIAL PLANNING STEPS

STEP 1: DETERMINE WHERE YOU ARE
FINANCIALLY
STEP 2: SET GOALS
STEP 3: DEVELOP A PLAN
STEP 4: MONITOR YOUR PROGRESS
STEP 1: DETERMINE WHERE YOU

ARE FINANCIALLY
CALCULATING YOUR NET
WORTH
ANALYZING YOUR CASH
FLOW
CALCULATING YOUR NET WORTH
NET WORTH = WHATS LEFT

AFTER YOU SUBTRACT YOUR
LIABILITIES
FROM
YOUR
ASSETS
NET WORHT/MONTH= 10 LAKHS
ANALYZING YOUR CASH FLOW
ASSESSING YOUR CASH FLOW WILL:

INDICATE YOUR ABILITY TO SAVE
LET YOU SIZE UP YOUR STANDARD OF
LIVING
INDICATE IF YOU'RE LIVING WITHIN OR
BEYOND YOUR MEANS
HIGHLIGHT PROBLEM AREAS
STEP 2: SET GOALS

QUESTIONS TO BE ADDRESSED BEFORE
SETTING GOALS
HOW LONG WILL YOU CONTINUE TO
WORK?- UP TO 60 YEARS
WHAT WILL HAPPEN WITH YOUR INCOME
-WILL IT REMAIN THE SAME, RISE, OR
FALL?- RISE
WHAT WILL HAPPEN WITH TAX RATES?INCREASE
STEP 2: SET GOALS

WHAT INVESTMENT RATES CAN YOU
REASONABLY EXPECT?- 20 % (AVERAGE)
WHAT ABOUT THE RATE OF INFLATION?
- 10 % (AVERAGE)
HOW MUCH INVOLVEMENT DO YOU WISH TO
HAVE IN MANAGING YOUR INVESTMENTS?MODERATE
SHORT-TERM GOALS
PAY OFF CREDIT CARD AND CONSUMER
START SAVINGS PLAN
SET ASIDE CASH FOR A CONTINGENCY
FUND EQUALING 3 MONTHS' EXPENSES
ACQUIRE
ADDITIONAL
INSURANCE
ACQUIRE
INSURANCE
INDIVIDUAL
TERM
LIFE
DISABILITY
MEDIUM-TERM GOALS
START COLLEGE SAVINGS PLAN

DIVERSIFY INVESTMENT PORTFOLIO
CONVERT TERM LIFE INSURANCE POLICY
TO CASH-VALUE POLICY
CONTRIBUTE MAXIMUM TO 401 (K) PLAN
AND IRA
PUBLIC PROVIDENT FUND
LONG-TERM GOALS
PURCHASE RETIREMENT PROPERTY
RETIRE AT AGE 62
MAINTAIN
STANDARD
OF
RETIREMENT
PRE-RETIREMENT
LIVING
DURING
EMRGENCY FUND
10
STEP 3:
DEVELOP YOUR PLAN
FLEXIBILITY
LIQUIDITY
MINIMIZATION OF TAXES
11
PUBLIC PROVIDENT FUND (PPF)

Your PPF Information
Do can
youdownload
want to this presentation at:
You
Variable amount every year
invest a :
Enter your PPF contributions for 15 years:
Year 1: Rs. 50000
Year 2: Rs. 50000
Year 3:
Rs. 50000
Year 4: Rs. 60000
Year 5: Rs. 60000
Year 6:
Rs. 60000
Year 7: Rs. 70000
Year 8: Rs. 70000
Year 9:
Rs. 70000
Year 10: Rs. 80000
Year 11: Rs. 80000
Year 12: Rs. 80000
Year 13: Rs. 90000
Year 14: Rs. 90000
Year 15: Rs. 90000
Year
Opening Balance
Your investment
Interest Earned
Closing Balance
15
Rs. 1,777,660.22
Rs. 90,000.00
Rs. 162,486.44
Rs. 2,030,146.66
12
RETIREMENT PLAN
NPS_HDFC PENSION
nps
You can download this presentation at:
www.LearningPresentation.com
Current age :- 28
Retirement age :- 60
Total investing period :- 32
Monthly contribution towards NPS :- 5000
( To avail maximum tax benefit, contribute 10% of your
Basic income + DA towards NPS )
Expected rate of return on NPS investment :- 8 %
13
Summary of your NPS Investment

Principal Amount invested by you :- 19,20,000
Interest earned on investment :- 69,05,959
Total tax saving :- 5,76,000
Pension
wealth generated :- 88,25,959
www.LearningPresentation.com
(Interest earned is on monthly compounding basis)
% of Pension wealth reinvested in Annuity plan:- 80 %
Pension amount reinvested :- 70,60,767
Rate of interest :- 8%
Pension per month post retirement :- 47,071
Lump Sum Amount Withdrawn :- 17,65,192
Tax laws may change, affecting the Return On
Investment (ROI).
14
SYSTEMATIC INVESTMENT PLAN

DISCIPLINED APPROACH TO INVESTMENTS
NO NEED TO TIMEYou
THE
MARKET
can
download this presentation at:
HARNESS THE POWER OF TWO POWERFUL
INVESTMENT STRATEGIES:
RUPEE COST AVERAGING - BENEFIT FROM
VOLATILITY
POWER
OF
COMPOUNDING
SMALL
INVESTMENTS CREATE BIG KITTY OVER TIME
LIGHTER ON THE WALLET REAP BENEFITS OF
STARTING EARLY
15
MUTUAL FUND PLAN (SAVINGS &

PROTECTION)-RELIANCE SIP
SIP Amount: 2000You can download this presentation at:
SIP Frequency: Monthly
Expected Interest Rate: 12 %
Number of Installments: 60 months
Investment Duration Is: 5Y 0M
The future value of your SIP - Based on
investment will be :- 1,64,972.73
Your Investment :- 1,20,000.00
Your Earnings :- 44,972.73
16
E-TERM PLAN (PROTECTION)

PLAN :-0825 e-Term
TERM :-35
AGE:27
Non Smoker
Sum Assured :- 50,00,000
Yearly (Rs) :- 9450
Plan only through online mode

17
LIFE INSURANCE PLAN (SAVINGS & PROTECTION)

PLAN:0815 New Jeevan Anand TERM:20
AGE:22
Sum Assured :-500000
Yearly (Rs) :- 27023
Half Yearly (Rs) :- 13656
Quarterly (Rs) :- 6900
Monthly (Rs) :- 2300
PLAN:0827 Jeevan Rakshak TERM :20
SumAssured:500000
Yearly (Rs): 16944
Half Yearly (Rs): 8561
Quarterly (Rs): 4325
Monthly (Rs): 1442
AGE:22
18
STEP 4:
MONITOR YOUR PROGRESS
HERE ARE THE GENERAL QUESTIONS TO ASK:
ARE YOU MEETING YOUR BUDGET?
ARE YOU EARNING THE INVESTMENT
RATES OF RETURN YOU ANTICIPATED?
TO WHAT DEGREE IS
AFFECTING YOUR FINANCES?
INFLATION
HAS YOUR TAX SITUATION CHANGED?

19
SOURCE :
ERNST & YOUNGS PERSONAL FINANCIAL
PLANNING
GUIDE
20

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FINANCIAL PLANNING STEPS

STEP 1: DETERMINE WHERE YOU

CALCULATING YOUR NET WORTH

NET WORTH = WHATS LEFT

ANALYZING YOUR CASH FLOW

ASSESSING YOUR CASH FLOW WILL:

STEP 2: SET GOALS

STEP 2: SET GOALS

START COLLEGE SAVINGS PLAN

PUBLIC PROVIDENT FUND (PPF)

Year 2: Rs. 50000

Year 4: Rs. 60000

Year 5: Rs. 60000

Year 7: Rs. 70000

Year 8: Rs. 70000

Year 10: Rs. 80000

Year 11: Rs. 80000

Year 12: Rs. 80000

Year 13: Rs. 90000

Year 14: Rs. 90000

Year 15: Rs. 90000

Summary of your NPS Investment

SYSTEMATIC INVESTMENT PLAN

MUTUAL FUND PLAN (SAVINGS &

E-TERM PLAN (PROTECTION)

You can download this presentation at:

Plan only through online mode

LIFE INSURANCE PLAN (SAVINGS & PROTECTION)

HAS YOUR TAX SITUATION CHANGED?

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