Personal Financial Planning is rapidly becoming recognised as an essential part of our lives. With recent research showing that less than 6% of South Africans are able to retire financially independent, it is no surprise that people are beginnings to take Financial Planning more seriously.
Evidence is also clear that the sooner in our lives that we begin with a Financial Plan, the more likely we are to succeed in achieving our objectives. Whilst Financial Planning requires patience, discipline and dedication, at Evolution we pride ourselves in being well placed to partner you through the process. We have a dedicated team of CERTIFIED FINANCIAL PLANNER® professionals who are willing and able to assist you in this regard.
The process begins with an assessment of your needs and objectives. We then analyse your current financial position, establish and implement a plan, and assist with on-going monitoring. Throughout this process, we will guide you towards achieving your financial goals as well as your long-term financial wellness.
A Financial Plan will typically incorporate the following:
- Budgeting – Making sure that your income continues to meet your expenses.
- Retirement Planning – Making sure you have enough to retire on.
- Planning for unexpected life events – Making sure that if you pass away, your loved ones will be able to maintain their standard of living or if you become disabled and cannot work, making sure that your financial position is protected.
- Investment planning – Saving for special goals and objectives.
We sometimes find that people simply want us to assist with very specific requirements that they have, for example:
- Preservation of Retirement Fund Benefits on resignation, dismissal or retrenchment. The most tax efficient client solution will be presented and we will ensure that the investment strategy is properly aligned with your risk appetite and investment objectives.
- Risk Protection Planning in relation to death, disability or the diagnoses of a critical illness condition. Ensuring that you are adequately covered in a manner that meets your budget but at the same time provides sufficient peace of mind.
- Income Strategy Planning at Retirement: When faced with retirement, there are many options available in the market in terms of how to best structure your retirement income. A thorough analysis of your circumstances will enable us to present a tax efficient client solution that is well geared towards your long-term needs.
SHOULD YOU REQUIRE ASSISTANCE OR ANY FURTHER INFORMATION REGARDING THE ABOVE, PLEASE DON’T HESITATE TO CONTACT ONE OF OUR CONSULTANTS