personal financial planning for next ten year

8/8/2019 Personal Financial Planning for Next Ten Year

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AssignChandna Kumar singh RT1902

Personal F

Family And Dependent Data:Name Date of Birth

chandan kumar singh 3/1/1987

Ram Binay Singh 5/6/1966

Chanchla Devi 17/02/1968

Pankaj Kumar 14/8/1990

Net Worth

Income Data:

SelfSalary NA

Self-Employment STUDENT

Other Income NA

Asset Data:

Asset Date Acquired

Checking Account 1997

Savings Account 14/5/2005

Money Market Acct.

Auto #1 1/7/2006Auto #2 9/3/2008

Personal Residence 4/6/2006

Other Real Estate NA

Savings Bonds 3/5/1997

Stock NA

Other Bonds NA

Fixed-Income 9/2/2002

Retirement Plan NA

Royalties, NA

Business Interest NAJewelry, 7/4/2004

Other Personal Property NA

Notes Receivable NA

Liability Data:

Liability Date Incurred


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nsurance Company Nam NA

Policy Number

welling Coverage Amount

Renewal Date

Premium

Endorsements

Auto Insurance

Vehicle #1

nsurance Company Nam ELINCE GENERAL INSUARANC

Policy Number 294857265

Renewal Date 15/12/2010

Primary Driver SELF

Secondary Driver NA

Premium 900

Endorsements

Savings and Investments

ily Member (self or spou Investment Type

Father Fixed

Mother Fixed

Self NA

How will

Estate Planning

SelfWill

Primary Beneficiary Father

Secondary Beneficiary Mother

Funeral Instructions

Living Will

vanced Medical Directives

Power of Attorney

Trusts

Social Security? Rel


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Goals

Goal #1:

Time Frame icipated Financial Commitm

Next one Year For higher studies (brother)

500000

Goal #2:


Next one Year To get merriese

700000

Goal #3:Time Frame icipated Financial Commitm

Next one year To purchase a Car

700000

Goal #4:


Next one year (Purchase house)

1000000

Goal #5:


Next one year Get one child

100000

Goal #6:

Time Frame icipated Financial CommitmNext one year (Brother Marriage)

1200000

Goal #7:


Next one year Adimission of first child

200000


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Goal #8:


next Year To start Own Bussiness

2500000

Goal #9:


Next one year (Future planning)

1000000

Goal #10:


Next one year o purchase some Real estat

2000000

Goal #11:


Next one year To start a New Business

3000000

Financial Institutions Services

State Bank of India Current Account

State Bank of India Home Loan

State Bank of India Saving Account

State Bank of India Education Loan

Punjab National Bank Bike Loan

Punjab National Bank Saving Account

Punjab National Bank Saving Account

ICICI Bank Saving Account

Kenera Bank Saving Account

1. List of FinancialInstitutions & Services thatuse by me & my family:


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HDFC Bank Saving Account


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et on Personal Financial Planning27 Reg No 10903162

nancial Planning For Next Ten Year.

Health problem Remarks

NA

NA

NA

NA

Spouse JointNA Father 30000

NA NA

NA Rent 5000

Ownership urrent Fair Market Valu Encumbrances

Ram Binay Singh 500000

ANDAN KUMAR SIN 10000

Ram Binay Singh 40000Ram Binay Singh 50000

Chanchala Devi 1000000



Chanchala Devi 200000

Original Amount Current Balance Maturity Date


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Vehicle #2

SBI Insurance Ltd

49127485

5/7/2011

Father

NA

4000

Current Market ValueExpected Market Value

200000 500000

100000 250000

you close the gap?

Spouse

atives are the very helpful.


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Financial Source

Edu Loan & Salary

500000

Financial Source

Monthly Salary

50000

Financial Source

nthly salary & Car loan

60000

Financial Source

Fix. Dep & Salary

1100000

Financial Source

Monthly salary

70000

Financial SourceFix. Dep & Salary

1300000

Financial Source

Salary

200000


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Financial Source

Bank Loan & Salary

2500000

Financial Source

business

1000000

Financial Source

Business & Loan

2000000

Financial Source

Business & Loan

3000000

User

Father

Father

Myself

Myself

Myself

Myself

Brother

Father

Father


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Father


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terest Rate


14/18

8%

10%

11%


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personal financial planning for next ten year

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