Financial Security Planning For Families Studying Abroad

Mr. Jiao, 48 years old, is a VIP client of Pudong Development Bank.

Mrs. coke is 45 years old. She gave up her job more than ten years ago.

Related stock movements 14.62-0.10-0.68%, Pudong Development Bank, became a full-time housewife.

Mr. Jiao, 19, is a university student in the UK. He expects to graduate directly from two and a half years to pursue his master's degree.

The annual living expenses of Mr. Coke's family are around 260 thousand yuan, including catering, entertainment, clothing, travel, entertainment and other expenses.

However, compared with the daily consumption expenditure, the cost of studying abroad is greater than that of the family, which is about 300 thousand yuan per year.

Mr. coke has a 1 million yuan time deposit and a current account of nearly 200 thousand yuan, which is used for pfer of three party depository accounts and sometimes for new shares.

In terms of assets, there is a housing worth 2 million 200 thousand yuan, no loans, and a 300 thousand yuan car.

My wife's gold and platinum jewelry are about 50 thousand yuan.

Financial problems:

1) prepare enough educational reserves for the second year college students in the UK.

2) how to improve the allocation of family insurance products to meet the family's insurance needs and protect family financial safety; 3) how to accumulate enough assets in retirement to cope with the pension gap and ensure the quality of life after retirement.

case analysis

I. summary of financial management objectives

From Mr. Coke's income and expenditure and his balance sheet, the financial goals described are, indeed, as they say, facing a "family financial crisis".

The annual balance (280 thousand yuan) and bank deposits (1 million 200 thousand yuan) totaled 1 million 480 thousand yuan, while the tuition fee for the future university education of the son would need 1 million 600 thousand yuan. Although the annual income is higher, the company's future uncertainty, tuition fees and living expenses increase will make Jiao Sheng feel the pressure on the capital.

Mr. coke is the only family economic pillar. He and his family need some insurance coverage and a retirement pension for the near future.

Two, household financial ratios analysis

Family financial ratios analysis table

Three, family security analysis

Insurance is an indispensable family risk management tool in family financial planning.

At present, Mr. Jiao's family is a blank in insurance protection, especially as an important pillar of the family. Without sufficient insurance, it is like a building without foundation and crumbling.

Moreover, in recent years, the operation of foreign trade companies is unpredictable. Lack of protection has enormous risks for the stable development of family finance. Therefore, it is necessary to strengthen planning in major diseases, life insurance and medical inpatient insurance.

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Four, financial planning proposals

1. Insurance Planning: to protect the umbrella for Mr.

Because Mr. Jiao is in a blank sheet of insurance and has not insured any insurance products, we propose to buy life insurance and major illness insurance, and add regular life insurance and inpatient health insurance.

Such a combination believes that the family accident protection umbrella that can be built for coke is not only on personal life insurance, but also on health care, which covers major diseases and unexpected medical treatment, so as to avoid the economic burden caused by illness, and the family has the biggest insurance coverage.

2. children's education plan: choose the opportunity to buy foreign exchange, save tuition fees.

Over the past two years, foreign exchange movements have been frequent. We suggest that we closely monitor the trend of sterling exchange RMB.

According to authoritative data, in view of the appreciation of the renminbi and the interest rate policy of the Bank of England, the pound will remain at a low level, and some pound sterling can be purchased at the right time to pay for the son's tuition.

Studying in the UK, the cost of tuition and living expenses is very large. It can encourage children to earn their income through proper work study and scholarships, so as to reduce the financial burden of education on families.

3. retirement pension plan: guarding gold construction company

Although Mr. Jiao and his wife have a relatively late retirement pension plan, Mr. Coke's income is high, and there are two sets of real estate and ample liquidity as a guarantee.

Here are some suggestions for Mr. Coke's retirement: (1) gold value added investment.

From its family assets, the wife found some gold and platinum ornaments, but jewelry can not be used as a channel for investment, but it can be realized through appropriate investment in physical gold.

Shanghai Pudong Development Bank's "Pudong fat gold" physical gold trading can act as a proxy for individual customers to buy and sell gold and real object business at the gold exchange.

Compared with other gold investment channels, "Pudong hair gold" has the advantage of high quality, low quality and low cost.

It is estimated that the overall return on investment will remain at 5% after retirement.

(2) increase the cost of medical fitness, regular physical examination plan, can increase health care and other expenses.

(3) has been engaged in the textile and clothing business. After realizing the family financial freedom, it can establish a public interest Chinese textile art collection hall with friends.

According to the cash flow statement, after retirement, family assets are very sufficient, and a certain percentage of money can be extracted every year for the establishment and daily business activities of the textile art collection hall, so that old people can get some happiness.