Life is unpredictable. The current Covid-19 pandemic is a perfect example. Never has the entire global economy ground to an almost standstill so quickly. Companies are struggling to stay afloat. Many business owners, who up to a couple of months ago were operating very good businesses, don’t know when or even if they will be able to reopen their doors. Employees are facing salary cuts, lay-offs and redundancies.
At MoneyCoach, state of the art cash-flow modelling software forms the cornerstone of our lifetime financial planning service. We will meet with you to help establish your important financial goals and expected future life events. We then gather details of your assets, liabilities, income and expenditure. Based on this information and certain assumptions, we show you how your financial position might look in any given year.
Having a lifetime financial plan won’t insulate you from the impact of global events or crises, but it will give you a roadmap for you to follow so that you can achieve your financial goals. These goals could be retiring with enough to live on for the rest of your life, funding your kids’ education, or perhaps funding gifts to help them with their weddings or securing their first homes. As your life evolves, so too can your plan, to take account of new priorities.
We create scenarios so that we can illustrate how various life events might impact on even the most robust plan. These could be stock market crashes, early retirement, unemployment, ill health and even death. Each scenario will create different demands on your income and savings, but by identifying and implementing solutions in advance, we can help you cope if and when these financial demands are made on your family.
It’s all about providing you with financial peace of mind. If you would like to learn more, please watch our brief video below.
If you are ready to put a comprehensive financial plan in place, we are ready to help!
📞 01 669 1040