Rajesh Dalmia a certified financial planner and director of Mandar Learning Academy has authored an impressive do it yourself financial planning guide for investors to understand the basic features of insurance planning and goal-based investing.
The guide has four excellent calculation charts that enable one to calculate
- Necessary life insurance cover
- Corpus’s needed for retirement, child’s education and marriage
- Monthly investment required for each goal
It also has a chart which provides information on suitable asset allocation and investment vehicles based on the time horizon of a goal.
Basic concepts and terminology used in insurance, retirement and investment planning are explained crisply.
The DIY guide is a terrific way to kick-start your journey towards financial peace. It is however not a replacement for professional financial advice. It helps to serve as an illustration of one important aspect of the financial planning process.
I would like to thank Rajesh Dalmia for readily agreeing to share his work. If you like the guide, do spare a moment to thank him: dalmia2001 [AT] gmail.com