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Optima Financial Solutions Pvt
Ltd
Formation: Optima Financial Solutions
was formed as a Pvt Ltd company in
the year 2007.
Why
What
How
Financial Planning – Why….
Congratulations. You have traveled this long and become a success in your respective
field. You are ambitious and want to provide more for your family and their security. You
might have thought about Financial Planning and wondered if you need professional
advice, answer the following questions to check :
Do you have financial goals? If so, are they in writing and do they include deadlines?
Is your debt under control? Are you servicing high cost debts?
Do you feel you are spending too much and saving less?
Have you reviewed your investment portfolio recently? Are you comfortable with the level
of risk associated with your current investments?
Are you satisfied with the rate of return that your investments are generating?
Have you started a retirement fund yet? If so, will your current rate of savings provide
adequate funds to meet your future retirement needs?
Have you reviewed your tax situation recently to see if there are ways to reduce your tax
liability?
Have you started a savings program to meet the cost requirements of your children's
college education/marriage? If so, will your current savings rate be adequate given the
effects of inflation and rising tuition costs?
Have you reviewed your life insurance coverage recently? In the event of an untimely
death, will your current policies provide adequately for your spouse and/or children?
Effect of Inflation
Servant Maid 500 732 1,179 1,899 3,058 4,925 7,932 12,774
Real Return
Inflation Rate 8%
Effective Rate 4%
Financial Planning - What
Financial Planning is the process of meeting your life goals with proper
management of your finances. Life goals may include
You may think of the process as helping you to answer three straightforward
questions:
Where am I?
Where do I want to go?
How do I get there?
Financial Planning - What
Financial planning does not begin at investing, but instead at reviewing your overall
financial profile.You need to address the following issues before rushing to build an
investment portfolio.
• Prepare to Invest
• Understand your risk profile
• Identify your financial goals
• Plan your asset allocation