Structuring your financial plan in accordance with life cycle

Feb 11 2014, 09:45 IST
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SummaryFinancial plans and investment needs are as different as each individual.

phase

At this stage, individuals believe they have sufficient income and assets to cover their expenses while maintaining a reserve for uncertainties. Excess assets can be used to provide assistance to relatives or friends, to establish charitable trusts, or to fund trusts as an estate planning tool to minimise the taxes.

To conclude, investor life-cycle investment strategies remain a good automated, risk-controlled asset allocation strategy plan.

The writer is an associate professor in finance and accounting at IIM Shillong

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