Financial life planning is a
structured process of understanding your current financial state, your future goals and money needs and
coming up with appropriate interventions that will ensure that your wealth lasts a lifetime. Some of the questions that are answered
during this process are
- Will I have enough money for my retirement and will it last a lifetime?
- How will my Net Worth and my Income change over time in the future?
- What expenses will I have in the future?
- What will be my living expenses in the future?
- How much money will I be saving each year?
- How will Inflation and taxes impact my plan?
- What is the ideal asset allocation for my life needs?
- How will my Investments grow over time?
- When will I have to start withdrawing money from my investments to support my living expenses?
- Do I have adequate live insurance and health insurance coverage?
We are a fee-only
SEBI Registered Investment Adviser (RIA) and
we have helped many of our Clients secure their financial future. As fee-only advisors we are compensated directly by our Clients. Hence we are free of conflict and operate as a fiduciary in the best interests of our Clients at all times.
The fee structure for all our services is published transparently on this website.
Personal Financial Planning is applicable and equally important during all life stages. For instance
- Young adults who are just entering the workforce may use it to develop saving habits and plan for the purchase of a home
- Gen-Z adults who are recently married and have started planning their families can use it to start the process of creating a nest egg
- Gen-Y or Millenial adults who have teenage children may use it to plan for their children's hgher education and marriage
- Gen-X adults who are approaching the end of their working careers can use it for Retirement Planning
- Retired adults can use it to ensure that their accumulated wealth will last their lifetime
In short, individuals at every life stage who aspire to achieve certain goals in the future can plan for realizing such goals with the process of Personal Financial Planning.
In order to make it easy to remember, we have codified the most common life stages into the 4 Ps of Personal Financial Planning - namely Provision, Prevention, Protection and Profusion.
Read about The 4 Ps of Personal Financial Planning on our blog.
Personal Financial planning for us is a two-step process.
- In the first step you provide us details about your current financial situation in a template provided by us.
Based on this information we create your financial life plan and after discussing it with you, we fine-tune and finalize it.
- Once this is done, we create a financial action plan for you in the second step from the life plan.
Testimonials
I run a business where income is variable due to the seasonal demand. Hence I was finding it difficult to plan for the purchase of a vacation home since I was worried about repaying the EMIs. Attainix helped me look at my entire financial situation and after review I found that I could quite easily afford the home that I had set my eyes on.
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Kalpesh Shah,
Stockist for a large FMCG company, Ahmedabad
I had invested in some Mutual funds on my own and was worried that they were not performing as per my expectations. I needed someone to review my portfolio and suggest me changes. Mr Abhijit Talukdar suggested that a simple review will not be enough - I should list down my goals first. It took me some time to get convinced but I finally wrote down some of my financial goals. After this it was easy to see how Mr Abhijit aligned my investment portfolio in line with my goals. I can now track the progress I am making towards my goals without getting unduly worried about the performance of specific funds
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Madhumita Roy,
Senior Manager and Homemaker, Nagpur
After 25 years of working in the IT industry, I decided to retire early and follow my passion for travelling. I like to travel to relativey unknown places and write about my experience on professional travel blogs. While embarking on this new passion I wanted to ensure that my financial situation was sound and will take care of my future. Abhijit Talukdar helped me in this process
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Vikas Khanna,
IT Professional, Mumbai