Hi,

A few parameters to define on your own for a quick evaluation :

1. What average yearly expenses vs your passive income generated from your investment / cash ? - Objective is to live off this rather than depleting into the funds / assets itself as best possible.

2. Medical insurance coverage to take care of the major financial risk

3. Your estate planning for your child (are you planning to leave him or her a sizeable inheritance or take the route they should be successful by their own self ).

A financial adviser can help you to evaluate this and form a plan , but bear in mind it's best you have already a plan of what you want, use the FA for his skill and access to the financial instruments to achieve what you want. Don't get pull in to what the FA wants to sell.

This post has been edited by mytrader: Oct 7 2021, 11:48 AM