Financial Planning

Financial Planning lays a roadmap to systematically achieve the goals you may have, during your lifetime.

While creating the plan, the planner looks into your life goals, your current situation, committed expenses, Income / expense pattern, risk exposure, cash flows, future commitments etc. and suggests a plan of action with which you could comfortably sail through life, meeting all the goals set within the timeframe, in a planned manner.

In the plan, the planner would also suggest corrective steps in existing investments and loans, as required , unlock money locked-up in unproductive assets to help you, give advise / clarity on unwanted expenses, funding of assets, provide clarity about future requirements for children, retirement funding, provisioning for medical exigencies, providing a security blanket for the family, correct asset/ savings mix, tax planning … in short, everything that concerns you. The plan looks at cash adequacy, after meeting all goals, and works out all these till retirement and beyond ( till 85-90 years of your age!). The plan, ofcourse, needs to be revisited every year.

This process mainly brings in the perspective and gives you a framework to systematically achieve your goals. It also forces discipline in spending and saving, which helps you to cruise towards your goals, relentlessly.