Mr. A Case Study - Retirement Plan - Nursing Assignment Help

Assignment Task :

Case Study 2  

Mr. A is earning 15 lakhs per annum at the age of 30. His monthly expenses comes around 90,000 Rs. per month. Currently he has not done any planning for his retirement. He has two sons of the age 5 and 2 years each. He is of the mindset that he needs to give his kids the best education and they will take care of him in his old age. While he does agree that he would like to be independent post retirement and will not wish to depend on anyone else. He is currently not suffering from any medical problem while he holds a family history of Blood pressure and heart problems in his family. He believes that he will require money for the following expenses post retirement for his various needs: 

1. Monthly expenses of Rs. 90,000 (present value)

2. Medical buffer of Rs. 10 lakhs (present value)

3. Savings and investments of Rs. 10 lakhs (present Value) to transfer as gift to his grand childrens.

4. He plans to go for a world tour with his wife after retirement which will require Rs. 15 lakhs (present value) 

He agrees that he will no be able to downgrade his life post retirement and would rather prefer to be self sufficient post his retirement. Draft a retirement plan for Mr. A and also see to it that he is left with a buffer of Rs. 10 Lakhs post meeting all his retirement goals to meet the expenses of elongated life. We presume that Mr. A will live upto the age of 80 years.  

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