As a Financial Planner, you have been approached by Anuj, a $35-$year$-$old marketing

executive earning an annual income of Rs$.15$ lakhs. His wife, Neha, is $32$ years old and

currently a homemaker. They have a $4-$year$-$old daughter named Riya. Anuj and Neha seek

your expertise in making important financial decisions. Feel free to make any necessary

assumptions to develop your recommendations.

a$)$ Anuj and Neha, seek your assistance to plan for their daughter Riya's higher

education expenses. They want to ensure they are financially prepared for her

future educational needs. What advice or strategies would you recommend to help

them save and invest wisely for Riya's higher education? $(5$ Marks$)$

b$)$ Anuj aims to retire by the age of $60.$ Design a comprehensive retirement plan for

him