To All Financial Planners / Advisors, CFP practitioners & CFP Aspirants / Finance Professionals
Construct "Retirement" Plan for Mr. Akash
1st 3 participants who mail their correct solution with process will receive a beautiful gift " CERTIFIED FINANCIAL PLANNER" mark embossed Roller Pen
Pls mail your solution till 2nd Oct. 16 to below mail id
Mr. Akash wants to know Fortnightly sip required in an existing equity MF (Expeted Return 12% pa) for fifteen years to maintain same life style during post retirement years. You have suggested transferring corpus in the NEW Fund and continuing Fortnightly SIP in NEW Fund (expected return 2% conservative over equity return) for another 7 years. You have further advised to transfer entire corpus from new fund to a debt fund and continue Fortnightly SIP in the Debt fund till retirement.
He is expected to receive EPF/Gratuity fund Rs. 50 lakh (Then Value) at time of retirement. You also advised to increase SIP 8 % pa in 1st 15 years and remaining period 10 % pa as per his expected income growth?
Notes: Mr. Akash Aged 37, Mrs. Akash Age 39, Retirement Age 63, Life Expectancy of Mr. Akash = 85, Mrs. Akash = 90, His Monthly Household Expenses is Rs. 50,000/-, Expected inflation in pre retirement period 7.5% pa and expected to moderate by 1% every 10 year till retirement. Average inflation in Post Retirement period 5% pa, Post retirement corpus will be invested in 70% Debt fund (Expected Return 8%) and 30% in Equity Fund (R =12%), Existing Equity MF current Value Rs. 2,53,987)
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