A lifetime cash flow model is an essential part of a comprehensive financial plan. Millen Capital can help you understand your “number”, or in other words, how much capital you need to never run out of money during your lifetime.
Millen Capital can bring together all those separate strands of your finances, to make sense of the whole picture.
Using our software we can project your financial future in a format which is easily understandable and help you answer questions like:
- How much do I need to sell my business for to ensure I never run out of money?
- How much income do I need in retirement?
- How much capital do I need in retirement?
- Can I afford a holiday home?
The chart above shows a client retiring at age 60 and due to the fact that he hasn't created sufficient capital, based on the expected cost of his annual lifestyle, is projected to run out of money in his mid seventies.
Millen Capital's job is to create and deliver solutions to ensure that that does not happen.
Using our state-of-the-art financial planning software, those solutions may include:-
- Deferring retirement by a few years
- Property downsizing
- Calculating how much additional annual income would need to be earned to ensure that running out of money in retirement was never an option
- How much would I have to sell my business for to get rid of the red on the above chart?
These are just some of the solutions we work on with our clients to ensure that they can do all the things that they want to do with their lives after finishing work.
