Building a financial portfolio becomes more complex as responsibilities grow. For investors in their 40s, balancing children's education and marriage with retirement planning requires a mix of adequate equity exposure, debt allocation, insurance and liquidity. The arrival of children also makes it important to revisit existing investments, emergency reserves, and life and health insurance coverage.
A 42-year-old chief manager at a PSU bank, based in Mumbai, reached out to ETMutualFunds for a review of his financial portfolio after welcoming twins. The portfolio includes investments held by both him and his wife, including mutual funds, fixed deposits, NPS and PPF. The couple also has a home and car loans.
