This is understanding the soft facts about how you approach money and what it brings to your life. Lifestyle planning aims to clarify what your hopes and aspirations for the future are and to choreograph your financial goals. Ask yourself; how much money do you want to retire with? What motivates you? Why is money important to you and where do you see yourself in the future? If you could look backwards in ten years, what would have happened for you to have had a happy and fulfilling life? Big questions, which admittedly need some thought, but very important ones to ask when planning your life’s finances.
This is where we need to understand the hard facts and start crunching the numbers. We need to ascertain what you have coming in, and what there is going out. These figures need to be fairly exact so for example, what is your salary, income from bonus, investments, inheritance, rental property income, business sale or the sales of any other major assets. We then need to know what goes out such as; mortgage payments, education fees, daily living costs, debts, family commitments, pension contributions, and anything else you can think of. From this thorough conversation with you we will create a cash flow model, and this will indicate whether or not you are on track to achieve your goals. The cashflow model will highlight any gaps you may have in your financial structure or conversely, if there are surplus funds for further investment.
The results of the assessment allows us to build a plan around the facts we deduce from cash flow modelling and from the information you gave regarding your hopes for the future. If there is a gap, we will find a way to bridge it and keep you on target, where there is surplus we will look at bettering your goals. It may be that you can improve your situation by doing little more than rearranging a few savings, or it could be a complete restructure depending on your circumstances. Once everything is in place we enter the review phase. This is not simply looking at any investments, it’s ensuring your plan remains appropriate to your needs, that changes in your personal life haven’t affected your objectives and that ‘what ifs’ such as what if you lose your job, what if you grow your family? Are addressed and managed, giving you and your family the best chance of fruitful and financially sound life.
I have been impressed by the way things have gone.
I will certainly recommend Guardian Wealth Management to anyone who might be in a similar situation to myself.
I can’t believe it has gone so smoothly. Well Done.
QROPS Client - Cyprus
After discussing my needs with a few advisors and firms, I had an initial meeting with Guardian Wealth. Not only did I feel that they were the first company to actually listen to my needs, they took the appropriate time to identify the vehicles that suited my needs and not necessarily theirs.
Shawn Cramer - Maerskoil Middle East