FINANCIAL PLANNING
The One Plan: 3 Steps to Your Financial Future
1. Your Financial Healthcheck
2. Your Life Plan
3. Your Financial Action Plan
If you're earning well but still wondering where your money goes each month, if you're unsure whether your savings and investments are working hard enough, or if you want clarity on what your retirement will look like and how to get there - then The One Plan is for you. Our financial planning process is designed to give you clarity, structure, and a tax-efficient strategy to help you make the most of your current income while securing your long-term future. We help you optimise how your income is allocated between current lifestyle, future needs, and long-term wealth creation.
The cost is a one off fee for the process which can take place over a number of meetings:
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€550 - €750 depending on the complexity of your situation and the level of advice required.
What you will gain:
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Clarity around your financial goals and how to reach them.
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Understanding of your current cover and what you really need.
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Advice on your pension and how retirement looks so far.
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Guidance around how to make the most of your savings.
01 Financial Healthcheck
Before we can advise you on the best direction to take, we first need a clear and accurate picture of where you stand today. Sound financial advice starts with understanding your full financial position; your income, assets, pensions, liabilities, protection and goals. To do this, we use a secure online fact find to gather the relevant information, allowing us to build a comprehensive overview of your current situation before making any recommendations.
Income & Expenditure
The Back Up Plan
What you owe
What you own
02 Your Life Plan
This is where we work with you to establish your goals for the future. This may be goals you have already thought of aswell as ones that we may advise you to work towards. These will be tailored to your situation and what is within the parameters of your current and future income. Everyone has different priorities and it is your priorities that will decide the course of your action plan. Is travel important to you or is paying off your mortgage something you are working towards?
We will take the time to get to know you and your goals. When do you want to retire and how do you want to feel when you retire? Your abilty to create earned income will gradually decrease as you reach retirement so it is important to maximise this while you have it. Our strength lies in helping you to balance your income towards current spending requirements and future income requirements.
Cashflow Modelling
This is where we plot projected income, spending, investments, and goals onto a timeline. You can see your financial future in real numbers, which often brings a huge sense of relief. It’s basically a year-by-year projection of your income, spending, savings, pensions, and investments - mapped out over your lifetime. This gives you a picture of how the future might look if you do or don't make changes.
Your Human Capital is the value of your future income. You need to use this to build financial capital for when you are no longer able to produce human capital. We will focus on goals like children's education and other large expenses that might come your way, retiring comfortably and other lifestyle ambitions and then ensure that the income that provides for those goals is robust to health challenges.
The Cashflow forecast will: Produce a clear and detailed summary of your finances. Define your vision for the future and how to work towards it. Help identify the potential financial consequences of the death or illness of you or your partner. Estimate what retirement might look like based on your current contributions. Show you whether your financial goals are within reach. Assist in determining where is best to save your short, medium and long term savings. Become aware of the tax issues that are likely to arise on your own death and that of your partner.
03 Your Financial Action Plan
This is your robust financial plan which outlines the course of action that needs to be taken to reach your financial goals.
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Identification of any leaks or gaps in your finances
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Advice on how to maximise your income
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Examples of how you can make savings on your outgoings
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Tailored investment solutions for your savings
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Retirement planning advice to help you reach financial independence
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A financial map to get you where you want to be financially while living comfortably in the present