Kath Wilkinson looks at hypothetical scenarios used in financial planning to understand an individual's financial future.

What if I lose my job

What if I or a family member experiences a major medical emergency

What if I live longer than I expected

What if I decide to start my own business

What if I take on more debt

What if there is a market downturn

What if I need to provide financial support to a family member

"What ifs" are hypothetical scenarios used in financial planning to understand the potential impact of various events or decisions on an individual's financial future.

They are useful tools for individuals who want to make more informed financial decisions by considering the potential outcomes of different scenarios.

By exploring these scenarios in advance, individuals can be better prepared to handle unexpected events and make more strategic financial decisions.

So ask yourself, how you are factoring in your 'What Ifs' and enabling yourself to visualise your financial life plan?

Our Kath and her excellent and friendly team can help you with any or all of the above.

Call today 07973 779595

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Published: 13-Mar-2024: (7413)