financial planning

Cash Flow Planning

How to take full advantage of your available income by implementing
Plans for debt restructuring, investments, Risk planning, retirement funding and education planning for children. Financial Planning is the key.

Risk Planning

Solutions for: Life Cover, Disability Cover, Dread Disease/Severe Illness Cover, Medical Aids/Health Plans and Medical Aid Top Up/Gap Cover.

Short Term: Car, Home & other assets.

Financial Planning with your Financial Planner will guide you in every area of risk protection.

Life Insurance

To protect your loved ones from financial disaster if you should die.
Your current income would cease, leaving your wife/husband with a large shortfall. They could have real difficulty paying off the mortgage and leave them homeless!

Without your income, they would lose their standard of living and could even struggle to buy groceries! Without your income, your children may not even have the opportunity to have a university education. In these times university education is essential.

To cover estate taxes or to pay taxes on your retirement distributions so the assets stay intact for your spouse.

If you are young and single, you should still consider Life cover, even if you do not yet have dependents, as the cost of Life Cover when you are young will cost you far less than waiting until you take out a mortgage or ten years from now.

Income Protection

Disability income insurance replaces a percentage of income lost due to a physical
incapacity. Income Protection will pay you a monthly income. You need income insurance to finance living and medical expenses. Fewer than one in six people typically have adequate income protection.

Disability Cover

Disability Cover will pay you a lump sum amount in the event of income lost due to a permanent physical incapacity. This cover is also a form of income replacement, however a lump sum payment is made to you. Consider the consequences of a lost monthly income on your lifestyle, medical costs and the future of your family.

Dread Disease Cover

Our risk of falling victim to a critical illness has increased dramatically due to lifestyle. Advances in medical technology have increased chance of survival. The financial consequences of this however cannot be ignored as the 'cost of survival' could be financially devastating. Advanced medical treatment and specialist advice is expensive.
The three main culprits are heart attack, cancer and stroke. Although there are at least 25 common chronic conditions listed. Dread Disease Cover could be your savior.
Some stats to consider:
- One in four women and one in three men in SA will suffer from cardiovascular disease before the age of 60.
- 40% of all South Africans will be diagnosed with a Severe Illness.
- 400 000 South Africans are affected by stroke every year.
- 10-million cancer cases worldwide every year.

Investment Planning

This is critical to reach your financial goals. There are three principal steps in the investment planning process:

- Defining investment needs, desires and parameters
- Managing expectations
- Investment Education
- Selecting appropriate investment vehicles.

Investing in your future is a must. The rising cost of inflation, education costs, living expenses makes investing an essential part of Financial Planning for your future well being. It could even mean the difference between just getting by and being financially independent.

Financial Planning must be done for short term, medium term and long term goals.
See our Life Plan Pyramid below.

Education Planning

With tuition costs spiraling upward faster than inflation, it is critical that you plan early for the cost of your children's education.

Rising costs associated with education and the urgency to begin planning as soon as possible is essential.

Ensure that funding "through" school and university is planned, not just "to" university.
The cost of University is increasing at a higher rate of inflation each year. Plan well ahead for your children's education.

Income Tax Planning
Using any allowable strategy to reduce or shift either current or future income tax liabilities, driven by overall financial objectives.

Often income taxes may be your biggest expense and may result in the need to
reposition your investment allocations to help minimize taxes. Financial Planning can help you reduce tax.

Retirement Planning

Most of us do not have what we need to live comfortably at retirement. Inflation, the cost of living, higher medical costs makes it a priority to plan for retirement. 95% of all who retire have to rely on family, government and charity in some form or another to exist.

Financial Planning will remove the mystery of how much you require to live comfortably when you reach retirement.
It is of utmost importance to plan for retirement when you are still young. If you are in your 40' or older you must plan now to maximize retirement investing for a good future.

Estate Planning

The purpose of estate planning is to pass property to named beneficiaries either during life or at death. Estate planning is crucial as a means of providing for your family over the long term. Failing to plan for the legal and financial aftermath of death will not spare loved ones from the consequences.

Last Will and Testament

A will is a legal document that specifies how a person
wants to distribute the real and personal property owned at the time of death.
Without a will there could be negative consequences after death. Remove the possibility of the state benefiting from your hard earned money at the expense of your family.

Medical Aids/Health Plans

A Medical Aid ensures that you, your spouse and children have the best medical advice and treatment available. It ensures that you are not subject to inferior treatment from government institutions. The best treatment regarding surgery, diagnosis and care becomes available to you.

You cannot leave your loved ones to the mercy of the state!

Gap Up/Top Up

Medical aids do not always cover all costs in hospital, such as a surgeon or anesthetist who charges rates in excess of what your Medical will pay. Gap Cover fills in the shortfall. A shortfall in payment could amount to thousands of rands in debt. Gap Cover can rescue you.

Budgeting

To manage money more effectively, we need to learn how to plan budgets -
document and monitor income projection, spending and investing.
Accurate, detailed accounts of income and spending patterns leads to effective use of finances.

Successful budgeting means controlled spending helping reduce and eliminate unnecessary expenditures and maximize your monthly income.

The Life Plan Pyramid
The Life Plan Pyramid sets the foundation for correct Financial Planning in order of priority

1. Risk Planning
Life Insurance
Disability Cover
Severe Illness Cover
Medical Aid/Health Plan
Asset Protection

2. Long Term Investing
Retirement
Retirement Annuities

3.Medium Term Investing - 5 to 10 Years
Education Planning
Home Improvements
Medium Term Savings
Endowments
Unit Trusts

4. Debt Elimination
Mortgage
Credit CArds
Other Debt

3.Short Term Investing - 3 to 5 Years
Unit Trusts

My specialty is in working along side you, helping you in the areas of Wealth Protection, Wealth Planning and creating your very own unique Road Map for your secure future.

Let me assist you by taking the questions and the risk out of your life. Peace of mind for you and your loved ones can certainly be yours.

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Oracle Financial Services
FSP Licence No. 28418