“The 'life plan' which, graphically illustrates the resources and choices that we have available to prepare for retirement and other future projects, has been a most interesting exercise. AES has been diligent and detailed in implementation of the plan that we agreed. It certainly removes a burden of work and worry to have such a diligent and savvy adviser.”
“The team at AES International have helped me see a way forward. They’ve created a focused and consolidated retirement strategy, so I better understand when I can afford to work less and sail more!”
Cashflow planning is designed to measure all cash inflows and outflows, and then integrate these items with the clients’ assets and includes a careful analysis of the income tax burden each year.
The projection illustrates the impact that any surpluses or shortages might have on the ability of the clients' assets to last through life expectancy.
Cashflow planning is particularly useful for clients approaching retirement when there may not be a substantial time to accumulate additional capital.
Cash-flow-based projections are also ideal for complex client situations, including clients with high wealth or assets in more than one jurisdiction, or whenever tracking all the details of cash flows are important for a highly thorough analysis.
Goal-based planning is designed to identify certain goals, and then determine if what you are doing now will allow you to fulfil your goals.
These projections look at your goals (retirement, survivor, education, etc), and if a deficiency is determined, works out how to achieve the goal.
Goal-based planning is excellent if you are in 'the accumulation phase', where there is still time to change the habits of saving and investing to make up for potential shortages.
It also includes disability and life insurance need calculations important for accumulation phase clients as you are in the process of building assets and are less likely to have an adequate capital to protect for a death occurring now or in the future.