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Create a comprehensive financial plan for long-term success
Financial planning is about creating a roadmap for your financial future. It helps you make informed decisions, prepare for life events, and achieve your goals systematically.
Priorities:
Suggested Allocation:
Priorities:
Suggested Allocation:
Priorities:
Suggested Allocation:
Priorities:
Suggested Allocation:
Simple Formula: Annual expenses × 25 = Retirement corpus needed
Example:
Tax-free retirement savings with guaranteed returns. Mandatory EPF + voluntary PPF.
National Pension System offers market-linked returns with tax benefits under 80CCD.
Long-term SIP in equity funds historically delivers 12-15% returns for retirement.
Coverage Needed: 10-15 times annual income OR all debts + 10 years expenses
Example: ₹10 lakh annual income → ₹1-1.5 crore term cover. Only ₹12,000-15,000/year premium.
Base Coverage:
Top-up/Super Top-up:
Calculate net worth, income, expenses, assets, liabilities
Short, medium, long-term goals with specific amounts and timelines
Allocate income between needs, wants, and savings (50/30/20)
6 months expenses in liquid, safe instruments
Term life (10-15x income) and health (₹10 lakh+ per person)
Based on goals, timeline, and risk tolerance
Rebalance portfolio, adjust for life changes, track progress
Use our tools to create your financial plan: