Goal Planning
Our Process & Strategy
At Bloom Wealth Financial Services, we design tailored asset allocation strategies centred around Mutual Funds.
To realize the set objectives, we employ a continuous monitoring process for portfolios, conduct regular reviews with clients, and execute portfolio rebalancing as needed.
The fundamental principles guiding our Asset Allocation Strategy encompass:
- Time Horizon for Goal Achievement
- Risk Tolerance Profile
- Market Conditions Assessment
- Tax Efficiency Considerations
Retirement Planning
Investors encounter various risks throughout their lives, with longevity risk, inflation risk, market risk, and behavioral bias risk emerging as four prominent and impactful challenges. When crafting an asset allocation strategy, especially in the context of retirement planning, it becomes crucial to take these risks into account.
Even if retirement appears distant on the horizon, it is wise to initiate planning as early as possible. Many individuals find themselves depending on their children or charitable assistance during retirement. The amount we need to save is contingent on our individual circumstances, but initiating the saving process sooner ensures a more substantial retirement fund in the long run.
Child's Education Planning
As a parent, we want to make sure nothing stands in our child’s path to progress, especially something like the ability to finance their education. Education costs are rising rapidly year after year. The sooner we start planning for funding our child’s education, the better off we will be to achieve the goal.
Children's Wedding Planning
For a parent, seeing their child happily married is an unparalleled joy. Whether it is the pride of seeing our son bring home a bride, or the bittersweet joy of seeing our daughter start a new life with her husband. Giving our children the wedding of their dreams requires a lot of careful financial planning.
Own Home
Investing in a home goes beyond fulfilling the dream of having a place to call your own—it is a pivotal decision with far-reaching financial implications. From building equity to potential tax advantages, here’s a financial service point of view on the merits of homeownership:
- Equity Building
- Potential Appreciation
- Tax Benefits
- Stability in Housing Costs
- Asset Diversification
- Ownership Flexibility
Custom Goal
You may want to create a fund to enable you to take a career break or turn entrepreneur.
OR you may want to create a Parent Support Fund to take care of your parents.
Or you want to plan for your dream vacation
Or You want to buy your dream car
Whatever your SMART goal, we can help you achieve it