How to plan the long-term and short-term goals for my daughter to study abroad the year after next?

Due to the frequent fluctuations in the foreign exchange market in recent years, Mr. Zhang Can will also pay due attention to the currency of the place of study when choosing the place of study. To study abroad, you must have a plan to exchange foreign currency. It is suggested that Mr. Zhang Can gradually convert RMB into the currency of the place of study according to the situation of foreign exchange market. At present, the exchange rate of various foreign currencies against RMB has been falling all the way. Considering that my daughter will go abroad the year after next, there is no hurry to exchange foreign exchange at present. Half a year before going abroad, she can gradually convert RMB into the currency of studying abroad, and she can choose the relevant foreign currency wealth management products of the bank. 2. Old-age planning Considering that Mr. Zhang is a civil servant and Mrs. Zhang also works in an enterprise, they all pay three insurances and one gold. Therefore, both Mr. Zhang and Ms. Zhang receive social security pensions on a monthly basis after retirement. However, at present, the pension replacement rate in China is only 58.5%. When Mr. and Mrs. Zhang retire, the pension replacement rate will be even lower. It is suggested that Mr. Zhang's family should make a good pension plan as soon as possible. Pension planning should follow the principles of principal guarantee, moderate income, anti-inflation and certain compulsion. It is suggested that Mr. Zhang's family establish a pension model consisting of social insurance and personal commercial pension insurance. This pension model is in line with the characteristics of principal security in the principle of pension planning, with low risk and poor liquidity, which is mandatory to some extent and equivalent to compulsory savings. For Mr. Zhang's family, because this part of the funds for purchasing commercial insurance is used for providing for the elderly, the liquidity of funds is not high. It is recommended to buy traditional old-age insurance or two-year insurance. After the expiration of the two-year insurance period, the returned funds will be converted into pension annuity, which can be collected in one lump sum or in fixed amount. 3. Family Security Plan The main goal of establishing a family security plan is to ensure low premiums and high security, lock in risks with fixed premium expenditures, and ensure the smooth realization of financial management goals. It is suggested that the family premium expenditure should be controlled below 65,438+05% of the family income, and the protection plan should focus on Mr. Zhang and Mrs. Zhang. Considering the premium budget, it can be allocated reasonably according to the concentric circle insurance principle. According to the characteristics of the family life cycle, the beneficiary of the policy should mainly consider the daughter. Since Mr. Zhang's family has already bought insurance, the insurance ratio may not be reasonable. It is suggested that Mr. Zhang Can find a professional to sort out the existing family insurance policy. 4. Investment strategy of family surplus assets Because Mr. Zhang's family is a high-asset family, after improving the financial arrangements required for various financial goals, Mr. Zhang still has some funds left, which can be rationally allocated according to Mr. Zhang's risk tolerance, because there is no financial goal. Since Mr. Zhang currently has both industrial investment and real estate investment, I suggest that Mr. Zhang make some financial products to spread risks.