For now, the biggest financial challenge they need to tackle is Rahul’s education, the estimated cost for which is Rs.20 lakh, a sum that the Ojha’s do not have ready at hand. The upside is the fact that one does not need to pay the entire fee upfront but in a phased manner over three to four years, depending on the stream Rahul opts for in college. Fortunately, education loans are easily available and that Rajat works with a bank should help. The other financial goal, which is still far away but very crucial, is the family’s retirement plan. Instead on relying solely on the provident fund contribution, Rajat should consider investing surplus funds in equities, through mutual funds, to accumulate money for his retirement in 2030.