Security And Financial Planning Of Families Studying Abroad

　　 conduct financial transactions reality show:

Mr. Jiao, 48, a VIP customer of Shanghai Pudong Development Bank, is now management Wearing a small dress foreign trade The clothing produced by the enterprise is mainly exported to foreign countries. According to previous experience, the annual income is about 800000 yuan, without any financial experience.

Mrs. Jiao, 45, gave up her job more than ten years ago

The stock trend of related companies is 14.62-0.10-0.68%, and Shanghai Pudong Development Bank has become a full-time housewife.

Mr. Jiao's son, 19 years old, is studying at a university in the UK. It is expected that he will study for a master's degree directly after graduation from his undergraduate course in two and a half years. Mr. Jiao's family's annual living expenses are about 260000 yuan, including catering, entertainment, clothing, travel, entertainment and other expenses. However, compared with the daily consumption expenditure, the son's study abroad expense is the family's larger expenditure, which is about 300000 yuan per year.

Mr. Jiao has a fixed deposit of 1 million yuan and a current deposit of nearly 200000 yuan, which are used for transfer of third-party depository accounts and sometimes for striking new shares. In terms of assets, there is also a housing worth 2.2 million yuan, no loans, and a car worth 300000 yuan. My wife's gold and platinum jewelry are about 50000 yuan.

Financial problems:

1) Prepare sufficient education reserves for the son who is in the second year of college in the UK;

2) How to improve the configuration of family insurance products to meet the needs of the whole family and ensure family financial security; 3) How to accumulate enough assets to cope with the pension gap when retiring, so as to ensure the existing quality of life after retirement.

case analysis

1、 Summary of financial objectives

From the perspective of Mr. Jiao's income and expenditure and balance sheet, the described financial goals are indeed, as I said, facing a "family financial crisis". The annual balance (280000 yuan) and bank deposit (1.2 million yuan) are 1.48 million yuan in total, while the son's future college education tuition needs 1.6 million yuan in total. Although the annual income is high, the company's future uncertainties, tuition fees and cost of living growth and other factors will make Mr. Jiao feel the pressure on funds. Mr. Jiao is also the only economic pillar of his family. He and his family need certain insurance guarantees and a retirement pension for the near future.

2、 Family financial ratio analysis

Calculation and Analysis Table of Family Financial Ratio

3、 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 terms of insurance protection, especially as an important pillar of the family. Without adequate insurance protection, it is like a building without foundation, which is tottering. Moreover, in recent years, the operation of foreign trade companies is unpredictable, and the lack of security poses a huge risk to the stable development of family finance. Therefore, it is very necessary to strengthen planning in terms of major disease insurance, life insurance, medical and hospitalization insurance. {page_break}

4、 Financial planning suggestions

1. Insurance planning: hold up a protective umbrella for your husband

Since Mr. Jiao is a blank sheet of paper in terms of insurance, and has not insured any insurance products, we recommend to purchase lifelong life insurance, major disease insurance, and additional term life insurance and hospitalization health insurance.

This combination is believed to be able to support Mr. Jiao's family accident protection umbrella, which not only covers personal life insurance, but also covers major diseases and accident medical treatment in health care, so as to avoid the financial burden of illness, and thus the family has the largest insurance guarantee.

2. Children's education fund planning: choose opportunities to buy foreign exchange at bargain prices to save tuition expenses

Foreign exchange has fluctuated frequently in recent two years. We suggest paying close attention to the trend of sterling against RMB. According to authoritative data analysis, in view of the appreciation of the RMB and the interest rate policy of the Bank of England, the pound will remain low. You can buy some pounds at a timely point to pay for your son's tuition.

Studying in the UK costs a lot in tuition and living expenses. Children can be encouraged to earn income through appropriate work study programs and scholarships to reduce the financial burden of education grants on families.

3. Retirement plan: Shou Huangjin Construction Company

Although Mr. Jiao and his wife's retirement plan is relatively late, fortunately, Mr. Jiao's income is relatively high, and there are two houses and sufficient working capital as security. The following are suggestions for Mr. Jiao after retirement: (1) Gold value maintenance and appreciation investment. It is found from her family assets that she has some gold and platinum jewelry, but jewelry can not be used as an investment channel, but can be maintained and increased through appropriate investment in physical gold. The physical gold transaction of SPDB's "SPDB Gold" can act as an agent for individual customers to buy and sell gold in the gold exchange as well as physical withdrawal business. Compared with other gold investment channels, "SPDG" has the advantages of high physical quality, guaranteed quality and low handling fees. It is expected that the overall return on investment after retirement will basically remain at 5%. (2) Increase the cost of medical fitness and make regular physical examination plans, which can increase the expenditure on fitness and health care. (3) Has been engaged in the textile and clothing business. After realizing family financial freedom, we can partner with friends to establish a public welfare Chinese textile art collection. According to the cash flow statement, after retirement, the family assets are very sufficient, and a certain proportion of the amount can be withdrawn every year for the establishment of the textile art collection and daily business activities, so that the elderly can have something to gain and enjoy.