4 Lifetime cashflow planning can answer questions such as: * Can I afford to stop working now or perhaps work part- time and stop working in three years’ time? * When can I afford to stop working? * Can I afford to give each of my children £25,000 to help with a deposit for a house? * How much do I need to sell my business for? * What return do I need from my investments to achieve financial independence and live the life that’s important to me? * How much life insurance do I need to ensure my family is provided for and my spouse can continue to live their desired lifestyle? Therefore, cashflow planning and financial forecasting need to be meaningful and will require us to make three important, reasoned and reasonable assumptions with regards to your financial future: 1 Inflation. 2 Interest on savings. 3 Return on investments. When you take this whole-of-life approach to your cashflow, it puts you in a much stronger position. It gives you the clarity to visualise what your financial future could look like and the options available to you leads to greater contentment so you are less anxious about tomorrow, and provides the certainty of knowing you can secure all that you value. 8 Jonathan M. Gibson CFP™, Chartered Fellow (Financial Planning) www.wellsgibson.uk
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