Marriage planning

In the world of financial advising, preparing for significant life events like marriage isn't just about budgeting; it's about vision, strategy, and foresight. Introducing our innovative Marriage Funding Tool — a game-changer that goes beyond traditional planning to ensure your clients can celebrate their big day without financial stress.

A New Approach to Marriage Funding

From the outset, this tool engages with a fundamental question: "For whom are you planning?" Whether it's for your clients themselves or for their children, this tool sets the stage for personalized financial orchestration.

Customizing the Journey:

• Asset Allocation for Marriage: Advisors can guide clients on deciding what percentage of their assets should be devoted to this joyous but costly event. This decision shapes the entire funding strategy.
• Current Costs of Marriage: Instead of a one-size-fits-all approach, this tool allows you to input specific expenses that reflect the type of wedding your client envisions, from venue to attire, catering to rings.
• Timeline: How many years until the big day? This isn't just about when the wedding will occur but about how long you have to grow the funds needed.
• Economic Variables: Set the inflation rate for wedding costs and the expected growth rate of the assets, providing a realistic picture of future financial needs.

Insightful Results for Comprehensive Planning

The output is uniquely tailored:

Projecting the Financial Future

• Future Value of Projected Assets: Understand how much the assets will be worth by the wedding date, offering a clear vision of financial growth.
• Future Cost of Marriage: This shows the projected expense of the wedding, adjusted for inflation, ensuring no surprises on the big day.

Strategic Financial Roadmap

• Investment Suggestions: Based on different interest rates, this section presents a spectrum of investment options:
• Annual Savings Strategy: Here's where the magic happens. Advisors can outline how much needs to be saved each year to meet the marriage funding goal. This could range from conservative investments for those with time on their side to more aggressive strategies for those planning sooner.

Summary

The Marriage Funding Tool is a revolutionary addition to financial advising, designed to help clients prepare for one of life’s most significant events—marriage—with vision, strategy, and foresight. Unlike traditional budgeting methods, this tool offers a personalized, data-driven approach to ensure clients can celebrate their big day without financial stress.