Lifestyle Planning
The essence of Cave’s Lifestyle Planning service is quite simple, we review the financial assets you own at present and use sophisticated techniques to work out how your finances might look in the future. This means we can calculate how much you might have to live on in retirement, or how much extra you should save/invest to meet your preferred standard of living.
The process is quite straightforward, once we have established your current and anticipated future capital and income requirements i.e. your present and future lifestyle expenditure, (covering anything from school fees to retirement planning and holidays), we analyse your existing income profile, investments and pension arrangements, assessing what they are worth now, and what they may be worth in the future.
This information is fed into our market leading financial planning software which enables us to look into the future and determine your future income, expenditure, and remaining capital. It enables us to show you what your financial future looks like. We can also examine various “catastrophe” situations to consider the effect on you and your family should the worst happen.
The Lifestyle Financial Planning service is not a one-off plan – individual objectives change, emergency capital expenditure may be required, or inflation may be higher than anticipated. The process evolves each year and focuses around an annual review when your personal plan is updated.
If you would like further information regarding this service or other ways in which we may be able to help you with your financial affairs then please contact us.