https://www.icofp.org/ - Blog #CFP institute in delhihttps://www.icofp.org/ - Blog #CFP institute in delhihttps://www.icofp.org/blogs/tag/CFP-institute-in-delhiSat, 08 Aug 2026 12:44:46 +0530http://zoho.com/sites/<![CDATA[Retirement Planning for Childless couples]]>https://www.icofp.org/blogs/post/retirement-planning-for-childless-couplesDo they need more Corpus Do they need less as compared to couples with children Many couples who do not have children think that without the cost of rai ]]>

Retirement Planning for Childless couples


  • Do they need more Corpus
  • Do they need less as compared to couples with children

Many couples who do not have children think that without the cost of raising children, they will need less money in retirement and they can retire early. They also will not have to spend for grand children  
In fact child-free couples have to face a different set of financial goals, risks and priorities, and, ironically, may need a larger retirement corpus.
The biggest risk is miscalculating the cost and complexity of ageing. Child-free couples need to ask practical questions early:

1. Who will step in if they can no longer manage on their own?
2. They will be dependent on some other person obviously
3. There is financial implications also
4. As they grow older, they may need nursing support, assisted living, specialized medical care or a full-time caregiver.
5. For many child-free couples, each partner is the other & primary caregiver.
6. If one is no longer able to provide that support, the substitute is often money—a corpus large enough to pay for care when needed.
7. Parents with children know that their children will help coordinate care, make decisions and, if required offer financial support.
8. Child-free couples do not have that safety net.
9. Their financial plan must therefore clearly provide for care, support and decision-making in later life.

Retirement planning is not merely having adequate amount of money, it also includes Non-financial aspects such as maintaining physical and mental health, pursuing hobbies, maintaining social connections and making living arrangements like moving to a smaller house, nearness to friends and relatives or may be shifting to senior citizen living homes etc.

Madhu Sinha

Dean

International College of Financial Planning 

]]>Wed, 05 Aug 2026 11:15:00 +0530<![CDATA[Why is it Important for Students to take on CFP Courses]]>https://www.icofp.org/blogs/post/why-is-it-important-for-students-to-take-on-cfp-courses
There is a plenty of opportunities available in the field of finance and careers. With the growing number of multinational companies in India there is sharp rise in the need of those professionals who are expert in managing business and finance related affairs. However, the competition is fierce and organizations and businesses are looking for only those individuals who could offer some value to their company. When we talk about Commerce and Finance related courses Certified Financial Course also called as CFP Courseis gaining huge traction these days. There are plenty of institutes and organizations that offer this course however; they need to be conscious while taking admission as at the end of the day it is the quality that will matter. What is a Certified Financial Planner? CFP Professionals are those individuals who have in-depth and sound knowledge of revenue generation and fund management. These are the people who are well-acquainted with all the laws and norms that govern the economics of a particular country and help businesses getting maximum returns on investment. These people assess the financial status and conditions of the company, recommend appropriate options and trouble shoot underlying problems. These professionals and individuals are competent enough to help companies formulate appropriate financial strategies or make proper business decisions. These are the people who are well-acquainted with various investments. Recognized Certification from India Government There are many CFP Courses that students can take on however FPCM is one of those through which students can gain recognition from India Government. The certification can be earned by an individual who qualifies the standards of examination, education, experience and ethics. The certification is recognized all over the world and thus students after having obtained this certification could find job anywhere in the world. The certification is given by the Financial Planning Standards Board (FPSB) of India. FPSB India is an Affiliate of FPSB Limited which is a nonprofit association that manages, develops and operates certification, education and related programs for financial planning organizations around the world. Procedure of getting this certification: Those candidates willing to take on this course have to undergo a series of tests and examination conducted by the respective authority. The first criteria are that those students should possess the certification for Matriculation/SSC or 10th standard. Those who meet basic criteria will have to pass four examinations either through self study or through training support from any one of FPSB India's approved Education Providers. Examination will cover below mentioned subjects and topics:
  •  Insurance Planning and Risk Analysis
  • Investment Planning
  • Retirement Planning & Employee Benefits
  •  Tax Planning & Estate Planning
 
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