We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
FREE Lifetime Cashflow Forecasting Tools
sportsmaster50
Posts: 6 Forumite
When I worked for one of my former employers 5 or 6 years ago they were supported by an independent finance company/IFA that produced a financial freedom snapshot /cashflow report.
You provided them with info like Employment Details (salary, any bonus etc.), Pension Details (Estimated current value of pensions, annual contributions etc.), Other income expected in retirement, Savings & Investments (ISA's, Any extra cash), Property (Mortgages, or value), Debts.
Then Pension goals e.g. Retirement expenditure (e.g. clothing, vehicles, utilities, house upkeep etc.), Leisure Expenditure (Holidays, eating out, hobbies etc.) Milestones (kids wedding etc.).
Taking in all those values, it works out your personal cashflow forecast.
Didn't appreciate how useful this was at the time BUT as my personal circumstances have changed and there is such financial volitility now over a number of years, would be great to know if I am on the right road financially myself.
Does anybody use one, know where I can get access to a free one online?? Ideally don't want to pay as it might be a one off.
You provided them with info like Employment Details (salary, any bonus etc.), Pension Details (Estimated current value of pensions, annual contributions etc.), Other income expected in retirement, Savings & Investments (ISA's, Any extra cash), Property (Mortgages, or value), Debts.
Then Pension goals e.g. Retirement expenditure (e.g. clothing, vehicles, utilities, house upkeep etc.), Leisure Expenditure (Holidays, eating out, hobbies etc.) Milestones (kids wedding etc.).
Taking in all those values, it works out your personal cashflow forecast.
Didn't appreciate how useful this was at the time BUT as my personal circumstances have changed and there is such financial volitility now over a number of years, would be great to know if I am on the right road financially myself.
Does anybody use one, know where I can get access to a free one online?? Ideally don't want to pay as it might be a one off.
0
Comments
-
No, I don't know of one, but I wouldn't want to be entering all that detail into a random website, it sounds an ideal idea for a phisher/scammer to select targets.
Eco Miser
Saving money for well over half a century1 -
>> there is such financial volitility now over a number of years, <<
Think this kind of sums up why things like this have disappeared. Especially any that would be free. While things are stable, it a fair guess. These days who knows which way things will go.
Life in the slow lane1 -
IIRC Microsoft Money has a retirement planning wizard along these lines. It's been long discontinued and you should still be able to download the 2005 UK version for free from somewhere.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards