At different stages in our lives we need to make plans and provision for our finances. With a first job comes a decision about pension provision for our senior years. The first step in the property ladder requires consideration of mortgages and protection products – whilst marriage and family commitments might cause a complete reassessment of your finances.
A recent survey from the Prudential suggest that anyone without the basic financial building blocks in place by the age of 26 could spend the rest of their life playing catch up.
And as we get older financial planning doesn’t necessarily become any more straight-forward. As your investment portfolio expands, you move house, change jobs and perhaps start to think about plans for retirement the financial aspect of your life can become increasingly complex.
21% of people aged over 50 in paid employment have three or more private pensions according to AXA.
For many in retirement cash is in short supply but for those who have taken advice in the good times options for releasing capital from investments and drawdown options on pension funds mean the need for advice is no less. Contact Daly Harvey Morfitt now to arrange an initial free consultation. Call on 01789 299655. For details on specific services read more: Budgeting for retirementSaving and investment strategies Mortgages Inheritance tax planning Protection for yourself and your family
