Financial Planning: ‘What If’ Scenarios

Financial Planning for more secure and independent future

With prudent financial planning virtually anything is possible when you manage your money the right way. But it’s important to have realistic expectations of what your financial resources can achieve to enable you to achieve your financial and lifestyle goals, without putting your future plans at risk.

Financial Planning - What If Scenarios

Key to this is understanding how each financial decision can affect other areas of your financial and lifestyle plans.

You also need to visualise that if there are any future bumps in the road on your journey, you’ve considered different ‘what if’ scenarios and have taken the right approach to protecting yourself and your family against the consequences.

Regular annual reviews of your personal plans and financial circumstances will also help you to adapt to your life changes and make you feel more financially secure and independent.

Lifestyle
Your financial plan should start with you – your hopes, fears, dreams, goals and vision for the future, incorporating both your current and future desired financial and lifestyle plans.

Return
Once you have a better understanding of your financial and lifestyle goals and what you want to achieve, together we can determine the required investment return in order to achieve your lifestyle goals.

Asset allocation
Your required investment return will determine the asset allocation of your investment strategy, taking the associated investment risks into account.

Risk
It’s important to look at risk in the context of what you are trying to achieve, including how realistic your financial and lifestyle goals are based on your financial circumstances and what it is that you are trying to achieve.

We’ll spend time understanding your risk profile in detail – this is not limited to investment risk, but also includes inflation risk and behavioural risk.

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For independent, expert advice on financial planning, wealth management, investments and more, please contact Farnham-based Fish Saltus today on 01252 931265 or complete our short enquiry form and we’ll call you back.