We have recently completed a report for a client who is currently going through a divorce.
Our client has her own company, small pension provision and the family home.
The house was on the market and she is planning to downsize.
She had several questions that needed to be answered:
- Can I afford to accept the offer that has been made on the house?
- How much can I afford to spend on the new house?
- Will I need to downsize again in the future
- When can I afford to retire?
- What income could I expect to receive in retirement?
- What level of investment risk do I need to take to achieve my objectives of ensuring that my liquid capital does not run out during my lifetime?
- Could I purchase a Buy to Let investment with the use of a mortgage with surplus capital?
- How does the Buy to Let investment compare with an investment portfolio?
- What level of expenditure do I currently have and how could I budget more effectively?
With cash flow forecasting we were able to provide answers to all these questions.
Our client is now confident that she can accept the offer on her house, knows how much she can afford to spend on the new house and understands how she can ensure she maintains her lifestyle in retirement.
This has given her confidence in making decisions regarding money and given her peace of mind.
Cash flow forecasting could help you.
It provides a long term financial plan and track to run on, helping boost your confidence in money making decisions and ensuring peace of mind.
It can be updated and revaluated on a regular basis as your circumstances change to ensure that you will be able to obtain your goals and objectives, whatever they may be.
