a contingency reserve of rs 340 lakh out of which rs 25000 can be held as cash in hand and the balance in an fd linked to savings bank account health and life cover over a period of time the couple should increase health cover to rs 5 lakh for each member of the family and also topup the floating policy by another rs 20 lakh avinash should enhance his life cover as he is the sole earning member of the family and the children are young and his earning is only due to his skillsplanning for financial goals childrens education the couple can invest rs 15000 each month in a largecap equity fund to provide for their childrens higher education childrens marriages they can start another sip of rs 2500 each in both equity and gold funds to meet marriagerelated expenses retirement the couple can start contributing to ppf regularly once the financial goals of education and marriages are achieved they can continue with an amount equivalent to those sips in equity funds to accumulate a retirement corpus also at the time of retirement they can consider liquidating the real estate holdings foreign travel the couple should consider this goal only in the years when it can be funded from routine incometo be featured in this fortnightly column write to moneymakeovertimesgroupcom