Wealth Planning Calculator
Having a sound financial strategy in place is imperative as it enables you to see the bigger picture thus allowing you to set long and short-term life goals. Thereafter, listing out your long and short-term life goals is important as it helps in mapping out your financial future. It also makes it easier for you to make financial decisions while allowing you to stay on track to meet your goals.
No matter what stage of life you find yourself in, with the aid of a good financial strategy, you can build, maintain and even pass on your wealth. Further, by diligently managing your income, you will find yourself in a better position to comprehend how much money you`ll require for making tax payments while giving you a better idea of other monthly expenditures and savings as well. The fact of the matter is that the sooner you start with wealth management, the closer you`ll be to achieving your goals.
Wealth Calculator: The Tool you need for Effective Wealth Planning
Financial strategies begin with a firm understanding of your needs and goals; you need to know precisely what you want and how far you are from getting it. After all, it is about being able to live the life you want. If you are at the crossroads and have been thinking about an effective wealth planning strategy, making use of our wealth calculator is the first step towards fulfilling your goals. Whatever your dreams might be; whether you`re looking to buy a house, embark on a foreign trip with your family, or buy a new car, with the help of our calculator, you will be able to design your own financial path to make those dreams come true.
Additionally, our wealth calculator helps you gear up for your financial future by helping you get answers right away to burning questions such as:
• How much should I invest now in order to accumulate the wealth I need to sustain my current lifestyle in retirement?
• How much can I accumulate if I start investing now?
• How much should I be saving today in order to be able to make the down payment for a house 5 years down the line?
• What is the required rate of return in order to achieve my investment objective?
How to Make Use of our Wealth Planner?
Our wealth calculator is a good way to kick-off financial planning as you will be able to get a general idea of whether your current savings rate will help you in achieving the financial target you might have in mind.
Our wealth calculator projects how much money you need to invest in order to achieve your dreams in the defined time period. It has been designed keeping you in mind as it enables you to try out different scenarios in order to discover what the best approach is for you and your unique circumstances.
With our calculator`s aid, you will be able to carry out an initial assessment of your current situation. If you`d like an estimate how much you`ll need to save to reach your goal, all you got to do is enter a few relevant details. It`s easy to use and takes less than a couple of minutes to complete. Simply:
Step 1: Enter your current age
Step 2: Enter the financial target you have in mind which you would like to achieve.
Step 3: Enter a figure for the number of years you wish to achieve these goals in.
Step 4: Enter the rate at which you assume your investment will grow in.
Note: You can adjust the values to see how the investment amounts and timings could affect your goals.
Review your results.
The Target to Reach box projects how much you will need to invest per year over the selected time horizon in order to reach your goal.
Benefits of Financial Planning Calculators
Planning for your future doesn`t need to be a daunting experience. We’ve made our wealth calculator available so that you can focus on what really matters – saving for your financial future. After all, the money you save and spend today will have a dramatic impact on your financial future.
Have a financial target in mind? Whatever might be the reasons behind it; whether it’s retiring comfortably or saving enough to give your kids the best educational opportunities or simply, to build a solid financial foundation for the future, you have goals and our easy-to-use wealth calculator helps collate information that relates to your existing financial position. If you’re looking for a smarter perspective on your wealth, Aviva believes in providing you with the tools to make the most of your opportunities.
The Bottom Line
Take control of your finances by discussing your goals with a wealth planner. If you’re looking for someone to talk to about your financial advice needs, you can also contact an Aviva advisor.
AN Mar 61/18