Financial Planning

What is Financial Planning ?

Financial planning done properly helps clients plan for future in an clear and concise way to meet your financial goals and objectives . At Rouse Insurance our financial planning tool of choice is Voyant.

Voyant is incredibly powerful. It enables us to create multiple ‘what if’ scenarios based on your unique financial situation, life goals and ambitions. These scenarios enable us to produce a final, detailed plan that not only reflects your current needs, but can be adjusted in the future as your life changes.

Voyant is the bedrock of our financial planning business and it enhances all our client relationships.

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How does cashflow planning software work?

Real life is unpredictable and ever changing. So an important feature of this software is it that it is completely collaborative and fluid.

The software works by calculating anything that requires time, money or planning to achieve. So the more detailed you can be, the more strategic and realistic the planning will become.

To start, we enter your financial information:

– Employment earnings
– Business income
– Rental income
– Pension income

We then look at your current and future expenditure:

– Household expenses
– Household discretionary
– Family
– Personal
– Holidays
– Luxury
– Leisure

We then add assets:

– Your home
– Investment properties
– Business assets
– Investments
– Savings

And finally, liabilities:

– Loans
– Mortgages.

In order for the outcome to have meaning we use certain assumptions on the items entered. This is where our expertise comes into play. The three most important assumptions used in private client long-term financial forecasting are:

– Inflation
– Investment returns
– Cash saving returns

Once all the raw data and assumptions have been added, we can begin the process of examining the outputs and see how close you are to achieving your lifetime goals.

Important questions that lifetime cashflow software can answer

– Am I saving enough for my retirement?
– Can I retire early?
– Can I afford to send my children to college?
– If we both died tomorrow how much death tax would we owe? And what can we do about it?
– How much more do I need to save to hit my target?
– Do I need more life insurance?
– What if I need to rely on income protection?

Building your plan is just the first step; the real value is in proactively maintaining it as your needs change. This is why we meet regularly with our clients.

Creating ‘what if?’ scenarios

Voyant plans enable you to chart your progress in a way you can easily understand.

Voyant also creates a carbon copy of your original plan so that you can compare both to see what would make the most sense to implement. Clients can edit these as their circumstances change.

We can plan now and make small changes that will benefit you greatly in the future.