UnaVida | Forward Financial Planning – What does it Mean?

Forward Financial Planning – What does it Mean?

Forward Financial Planning – What does it Mean? In the first instance it means finding the time to take stock of all of your current assets and income streams and then projecting these forward, to enable you to understand your future income shortfall.

Secondly whilst you still have time and the money to be able to do something about it, apply a variety of strategies to ensure your projected future income is at a level you are comfortable with.

You can do this yourself using a simple spreadsheet, or you can use a financial and investment planner.

Most peoples financial futures look like this:


Typically they are enjoying a comfortable lifestyle now and are often unwilling to ask for financial planning advice, as possibly they are aware that they should be doing more to accommodate their future lifestyle, but hey ho …. they would rather not think too hard about their future, for some people ignorance truly is bliss.

They remind me a little of Alice ….

” Would you tell me. please, which way I ought to go from here?”

“That depends a great on where you want to get to,” said the Cat.

” I don’t much care where,” said Alice.

” Then it doesn’t matter which way you go, ” said the Cat.

“— so long as I get somewhere,” Alice added as an explanation.

“Oh, you’re sure to do that ,” said the Cat, “if you only walk long enough.”


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A pension is a long-term investment that typically cannot be accessed until age 55 (57 from April 2028). The level of pension benefits offered could change depending on the value of your investments (and any income they may generate).

The interest rates in effect at the time you begin receiving benefits may also have an impact on your pension income. The tax consequences of pension withdrawals will depend on your unique situation. In later Finance Acts, tax rates, tax bases, and tax relief may change.

The opinions expressed by Ray Best are meant to inform and educate. Before making any investment decisions always take advice that is pertinent to your investment personality and financial situation.

You are aware that past performance will not necessarily be repeated in the future, but you should be aware that persistent poor performance invariably will.

The value of an investment and the income from it could go down as well as up.

The return at the end of the investment period is not guaranteed and you may get back less than you originally invested.

UnaVida Wealth Management Ltd. is directly authorised and regulated by the Financial Conduct Authority (440577).

The guidance in this website is primarily aimed at a UK audience and is subject to regulation by the Financial Conduct Authority (FCA).

The Financial Conduct Authority does not regulate tax planning, estate planning, or wills and any form of legal documentation.