13) Actual vs Planned Financial Goals Target.
The Excel file is useful for your financial planning.
There are 2 plans to use. One for Retirement and another for Education.
The purpose is to enable you to compare your planning numbers with the actual performance. If the actual is higher than the planning, then it is good. It means that your actual result is better than planned target. You can fill up the blue colored cells/boxes with your own numbers and it will be calculated automatically.
Do change the numbers to suit different clients and time horizon.
The numbers were simplified calculations with many assumptions made. It is used as a guide to achieve the planned financial goal targets. More complicated and advance calculations are required for more accurate results.
Do remember that different asset classes and different investments provide different returns, even during the same period. Do diversify your investments to reduce the overall risks.
Do make regular reviews to ensure that your actual results are on track as per the target.
It is very important to do regular review. You will be able detect early any major changes to your plans and enable you to take corrective actions as soon as possible.
All the best in your planning for yourself and your clients.
The Excel file can be downloaded from this link below.
https://drive.google.com/open?id=12sGD5F9OFp1IY0QuwTU5P6Ft1J6bTTRD
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