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A large, foreseeable expense

Child's Wedding

One of the few very large expenses that can be seen coming two decades in advance — and is still most often funded by breaking other investments.

Home Goals Child's Wedding

1Your goal
2Risk profile
3What you have
4Goal summary

Tell us about this goal

Enter the cost in today's money. We will adjust it for inflation.

How much risk are you comfortable with?

Six questions. Your answers set the rate of return we assume — a more cautious profile assumes a lower rate, which raises the monthly figure.

1. How would you describe your knowledge of investments?

2. Which of these concerns you more?

3. If this investment fell 20% within a year, what would you do?

4. How long have you been investing?

5. “Higher returns require accepting higher risk.” How far do you agree?

6. How do you usually arrive at an investment decision?

What have you already set aside for this goal?

Only what is earmarked for this particular goal — not your total savings.

Child's Wedding

Goal summary, based on what you have entered.

Monthly investment required

to reach this goal on time, at the rate assumed for your risk profile.
·
Target in today's money
Cost when the goal arrives
Time available
Already set aside
Total you will invest
Growth on your investment
Projected value at the goal

Illustration only, based on the assumptions you have entered. It does not account for taxes, exit loads or expenses, and is not a recommendation to buy any product. Mutual fund investments are subject to market risks; returns are neither assured nor indicative of future performance.

Fund it, rather than borrowing for it

Wedding expenses are among the most predictable large outflows a family faces, yet they are frequently met by liquidating long-term investments, dipping into retirement savings or taking a personal loan at a high rate.

Given a horizon of fifteen years or more, a modest monthly amount comfortably covers what would otherwise be a painful lump sum.

Keep it separate from retirement

The most common and most costly mistake is funding a wedding out of a retirement corpus. There is no loan available for retirement, and the years lost to compounding cannot be recovered. Plan the two separately and protect the retirement corpus.

Other Goals