My age is 38 Yrs
I have son of 7 yrs age
Daughter of 1 yr
Have sufficient Life Insurance
Could you suggest what Debit / Equity i need to maintain for my investment portfolio.
Also considering the above ages, could you help me plan or rather forecast about the common general expenses which ideally any Indian parent have to focus while preparing a financial plan for the long term goals
Thanks in advance
Without knowing goal tenures, how can I generically set ratios? Expenses for which goals?
Schooling till 7 years – 1 lac per year
Higher education after 10 years – 25 Lac
Marriage after 20 years – 10 Lac
Schooling for 10 years – 1 lac per year
Higher education after 18 years : 25 Lac
Marriage after 27 years – 10 Lac