Mei Ling, a plan for your daughter's university
Thanks for Tuesday's chat. You want to start saving for university in about 16 years, without the kind of risk that burnt you in 2022. You have about $1,200 a month to work with and $30,000 sitting idle. Here's how the numbers and the three options you asked about look.
What you told me
University in ~16 years
About $1,200 a month
$30k idle in savings
No repeat of 2022
Are ILP fees worth it?
Hospital cover only through work
1 · Your university goal
How much does it really take?
Illustrative return a year
To reach your target in 16 years you'd put aside about
$470 a month
■ University■ Free for other goals
2 · The three options you asked about
Side by side
3 · Something we haven't covered yet
Your safety net
Hospital coverOnly through your employer. It ends if you change jobs, and gets harder to buy as you get older.
Cover for your familyIf something happened to you, would the university plan still be paid for? Worth 10 minutes on our next call.
4 · Quick check
If markets fell 20% in a year…
…what would you most likely do with this money? Not a formal risk assessment. Ryan will do that properly with you before any recommendation.5 · Official documents
6 · Next steps
No pressure, three steps
- 130-minute call with you and Wei Jie to talk through the numbers
- 2A proper risk and needs assessment, the formal part
- 3You decide, in your own time
Sample page for a fictional firm. Projections use Harbourline's illustrative returns of 3%, 5% and 7% a year and are not guaranteed. This page summarises our conversation and is not a recommendation. Read each product's official documents before deciding.