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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:
Time Frame icipated Financial Commitm
Next one Year To get merriese
700000
Goal #3:Time Frame icipated Financial Commitm
Next one year To purchase a Car
700000
Goal #4:
Time Frame icipated Financial Commitm
Next one year (Purchase house)
1000000
Goal #5:
Time Frame icipated Financial Commitm
Next one year Get one child
100000
Goal #6:
Time Frame icipated Financial CommitmNext one year (Brother Marriage)
1200000
Goal #7:
Time Frame icipated Financial Commitm
Next one year Adimission of first child
200000
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Goal #8:
Time Frame icipated Financial Commitm
next Year To start Own Bussiness
2500000
Goal #9:
Time Frame icipated Financial Commitm
Next one year (Future planning)
1000000
Goal #10:
Time Frame icipated Financial Commitm
Next one year o purchase some Real estat
2000000
Goal #11:
Time Frame icipated Financial Commitm
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
Ram Binay Singh 500000
Ram Binay Singh 60000
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
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8%
10%
11%
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