Financial Planning for 40s couple
Background: I recently visited one of my existing clients. The aim was to find out how his son's educational goals were progressing and how much money will be needed annually. We talked about a variety of goals in-depth throughout our more than hour-long meeting. Education Goal: Let's call him Mr. Rakesh Shah, and his spouse Mrs. Swati Shah. Rakesh began investing with us more than three years ago. During our initial conversation, we talked about his only son, who aspires to attend an IIT for graduation. His son, Manan, is in 12th Std right now. In 2021, I suggested Rakesh ji to start SIP of Rs 50k-55k for his son Education goal to reach the target. We agreed to start with 40k at that time. The goal of my recent visit was to discuss and decide whether any changes to their portfolio were required owing to market conditions. As we all know, markets are overvalued, and their target was just about a year away. I will transfer to debt funds for safety if ne...