a savings bank account health life cover the couple can purchase a health cover of rs 20 lakh in the form of a floater policy for the entire family over a period of time they can increase the cover to the maximum possible amountplanning for financial goals home purchase the couple should liquidate one of their existing real estate investments and purchase the required house sons education they can use their existing direct equity and equity funds for meeting education expenses sons marriage the couple can start an sip of rs 10000 in a debt fund and a gold fund to build a corpus for the sons marriage parental responsibility kaur can transfer rs 5 lakh from the direct equityequity fund assets to a mutual fund scheme that invests about 20 in equities and 80 in debt this amount can be earmarked for supporting her parents retirement planning after funding the sons education and taking care of parents the residual real estate epfppf and equity assets should be utilized for retirement also once all loans are paid off the couple can invest an amount equivalent to emis as an sip in a mutual fund scheme that has 35 equity and 75 debt car foreign travel the couple can consider this goal after paying off all their loans to be featured in this fortnightly column write to moneymakeovertimesgroupcom