Financial possibilities for new plans
Expert insights – Hilde Wuisman
Your financial goals and wishes deserve attention — and perhaps those of your parents and children as well. Our expert, Hilde Wuisman, explains how she informs clients about these topics.
A new phase in life
Selling or transferring your business marks the start of a new phase of life, including financially. Having a clear view of your financial possibilities brings peace of mind and creates space for new plans. Clients want to understand their financial outlook once they step away from their business, especially since this moment often arrives well before retirement.
For example: is it possible to buy a holiday home abroad? Like all our entrepreneurial clients, they want to know whether the proceeds from their business are enough to support their lifestyle — potentially for the rest of their lives.
Striking the right balance
This is often a stage of life where not only your own financial decisions require attention, but also those of your children or parents. Will you help your children buy their first home? Would you like to support your parents financially?
These choices require decisions at different levels, which can bring both concerns and joy. It is important to find a healthy balance between all interests. Emotions also frequently play a role. Paying close attention to your own financial situation is essential; postponing decisions or making the wrong choices can have considerable consequences for the future.
Being financially independent
‘By far the most common wish is financial independence,’ says Hilde. ‘Almost every client wants to know whether their accumulated wealth is sufficient to live on. That does not necessarily mean they want to stop working today. The reassurance that they could, either now or in the near future, is often enough. The thought “If I choose to stop, I can” brings peace of mind.’
Gaining broader insight through a Wealth Plan
To determine, for example, when someone might become financially independent, the private banker or Wealth Planner works with the client to map out their financial objectives. These objectives are then compared with the wealth the client currently has or expects to receive in the future.
This includes not only savings and investment accounts, but also other assets such as property investments, pension entitlements, potential inheritances, and the estimated proceeds of a possible business sale.
We also take into account inflation, expected returns, and taxation. And because we are living longer, the so‑called ‘longevity risk’, it is important to set aside more for later. A well-crafted Wealth Plan places all these considerations into the right context — at no additional cost to our clients.Would you like to learn more about our Wealth Plan?
We would be pleased to answer your questions and look forward to getting to know you.