Full-time wife family finance portfolio model

Financial background:

A few days ago, 33 years old to work full-time at home wife Chen consulted on their families \' financial problems of the present report.

Wife husband Chen now 36 years old, in a large enterprise as Director of engineering, annual salary of $ 150,000, career\'s more stable. Son 4 years old, is in kindergarten. Couples both parents healthy, without financial assistance. Mrs Chan existing set of old houses for rent, monthly income of $ 1800. Mrs Chan family annual after-tax income of $ 150,000.

Mrs Chan existing bank demand deposits $ 12,000 for married couples, and another $ 320,000 in time deposits. $ 30,000 investment stock, now worth $ 28,000. This year, they purchased a set of 1 square meter in Dongshan district of commercial housing, had to put down $ 180,000, $ 590,000 in the rest room, 20 mortgage loans from a Bank, at present, the annual repayment of principal and interest of $ 48,000. Mrs Chan will house decoration and the end of this year, the couple decided to stay, plans to spend about $ 200,000.

Mrs Chan has purchased a private car, part of the cost of cars to Chen\'s wife husband company claims. At present, Mrs Chan and his wife are entitled to basic pension and health care protection, 4-year old son did not participate in insurance.

Then the family funds available is good for early repayment of mortgage, or doing other good investment? Family members also want to buy what insurance products?

Financial portfolio recommendations:

(1) expenditure on family life arrangement $ 40,000 a year.

(2) travel, bodybuilding fitness arrangement $ 10,000 a year.

(3) emergency the returns from imprest arrangements $ 10,000 a year, from current account rolled over $ 12,000 for the first year.

(4) accident protection: it is recommended that Ms Wong $ 350 purchase of Pacific life insurance personal accident insurance, additional personal accident medical insurance $ 325, the annual expenditure of $ 675.

(5) children education investment: betrayals of the proposed purchase of Pacific life insurance · scholar red endowment insurance (participating) 5, 10-year pay, premium year expenditures $ 9,675.

(6) health: it is recommended that Ms Rosanna WONG couple investment of Pacific life insurance respectively betrayals · wanquan major disease for life insurance 5, 30-year payment period, Ms Wang years paying $ 2,785, her husband years paying $ 3,455, couples paying $ 6,240 total years.

(7) of automobile consumption: years arrange for vehicle use fee of $ 15,000.

(8) security investment: continues to hold 28,000 yuan stock, and append the arrangement to invest $ 16,000 a year.

(9) housing: the bank deposits of $ 320,000 and $ 200,000 for House decoration. Another $ 120,000 for a one-time reimbursement of bank loans. Remaining $ 470,000 House, still on a 20-year debt-servicing. At present, the years spending loan principal and interest of $ 37,346.