HOW WE WORK
The four cornerstones of financial security planning
A robust financial security plan should safeguard you against uncontrollable events such as disabilities or death, while also helping you prepare for controllable events like purchasing a new home and retiring comfortably. Our planning process is built on four essential cornerstones:
Cash Flow
Cash flow, or liquidity, refers to your ability to access cash or assets that can be easily converted to cash. It can serve as a short-term savings option that regenerates over time, requiring consistent effort and management.
Income Protection
Mitigating risk against uncontrollable events such as disability or critical illness is crucial for your financial security. When developing your financial security plan, we consider:
-
Will your income be reduced in the event of disability or critical illness?
-
If your income is reduced, will it be challenging to maintain your lifestyle and retirement savings?
-
How much disability or critical illness insurance coverage is sufficient?
-
What impact will inflation have on your income if you’re unable to work for an extended period?
-
Do your group benefits include provisions to continue your retirement savings if you become disabled or suffer a critical condition or illness?
Retirement
When discussing retirement planning, we take into account:
-
What kind of lifestyle do you envision for yourself in retirement?
-
How much money will you need to retire comfortably?
-
What impact will inflation have on your income?
-
Would you like the freedom to slow down or retire early?
Time and planning are key factors in achieving your retirement goals, and it is essential to work towards these goals consistently over time.
Estate Planning
Estate planning is a fundamental aspect of financial security, as death is inevitable and uncontrollable. As part of the financial security planning process, we’ll discuss:
-
How much income will your family need if you pass away?
-
How will inflation affect this income?
-
How to preserve your estate for your family when you die