In 2006, 150 Thousand Teachers' Family Finances: The Monthly Fixed Investment Fund Is 1000 Yuan, And The Pension Is Accumulated.

User information

Mr. Li, 30 years old, Jiangsu teacher.

His wife is also a teacher, 30 years old this year.

The family's annual income is 155 thousand yuan, and the annual expenditure is 58 thousand yuan.

Mr. Lee himself insured the life insurance of Ping An Zhiying for life.

My daughter is in kindergarten. She is 5 years old.

At present, families have cash and deposits of 20 thousand yuan, 120 thousand worth of cars, provident fund loans to buy.

Financial management objectives

1. pay off $50 thousand in the near future.

2. prepare to buy another 1 million house in five years.

The centre for financial planning of Han sum replied as follows:

First, financial analysis

Mr. Li and his wife are all teachers, and their income is stable. With the growth of their age, the expected income will also increase steadily.

The family is currently in debt other than 80 thousand and 50 thousand of the mortgage loan, but the mortgage loan can be withdrawn from the provident fund, so the repayment pressure is not large.

In addition, the household settlement ratio reached 80.6% (the general reference value was 50%), indicating that the family's solvency was strong.

Generally speaking, Li Xiansheng's family is in good financial condition, but as time goes on, her daughter's growth, medical expenses, insurance and education expenses will gradually increase.

In the next five years, the debt burden will also increase with the implementation of the re purchase plan.

Two, financial planning plan

1. cash planning

The cash reserves of families with stable incomes are generally 3 times the cost of family life. It is suggested that Mr. Lee's family reserves be retained by about 12000 yuan.

Two couples can apply for a credit card of 15 thousand yuan credit line for emergency needs.

2. Insurance Planning

Mr. Li and his wife are teachers. They have social medical insurance, and both Mr. Li and his daughter have insured commercial insurance products. This shows that the family's insurance awareness is strong, but there are still deficiencies.

Suggestions: (1) Mr. Lee adds an insurance amount of 150 thousand yuan on universal insurance, early payment of major illness insurance and an insured accident insurance of $300 thousand or a card accident insurance policy.

(2) Mrs. Lee supplements the 100 thousand coverage of major sickness insurance and 200 thousand yuan insured accident insurance.

(3) the daughter increases the child accidental injury and the additional hospitalization, the medical expense insurance.

The cost of insurance is controlled within 10000 yuan, or about 10% of the annual balance.

3. educational planning

It is assumed that 13 years later, the daughter will be admitted to the university successfully. With the average annual expenditure of 20 thousand yuan, the cost of higher education for 4 years at the current price level will be 80 thousand yuan.

But considering the growth rate of inflation and tuition fees, assuming that the growth rate is 4%, 13 years later, Mr. Lee's family must have an educational reserve of about 130 thousand yuan to meet her daughter's higher education expenditure needs.

The daughter's Insurance "national life Hongyun children's two insurance" (bonus type), according to the insurance responsibility, at the age of 18, the daughter can get 50 thousand yuan.

Therefore, when the daughter is 18 years old, the education fund reserve gap is about 80 thousand yuan. It can be satisfied only from Mr. Lee's universal insurance account.

4. retirement pension plan

Assuming Mr. and Mrs. Lee are retired at the age of 55, the demand for family support is estimated at 1 million yuan.

It is suggested that a balanced fund of 1000 yuan / month, with an annual yield of 8%, will accumulate 1 million.

In addition, we can withdraw funds from Mr. Lee's universal insurance account for the shortage of pension expenses.

5. housing planning

5 years later, the purchase of 1 million yuan worth of housing, provident fund and commercial loans, if 8 mortgage, the initial calculation must be prepared for 300 thousand yuan, for down payment and other expenses.

In the year when the annual balance was repaid 50 thousand yuan debt, there is still a balance of 25 thousand yuan, the use of this balance as the initial investment in housing planning, regular investment of 4700 yuan / month to the annual expected return of 8% of the Balanced Fund, four years can be accumulated about 300 thousand, can achieve the purchase target.