14
Aug
2020
0

5 must-dos to help ensure a successful retirement

Your retirement is one of life’s big events. Having spent a career working, waking up one morning with no responsibilities and the rest of your life in front of you can be a wonderful – if scary – prospect! In my experience, those clients who think carefully about their retirement and plan well get the most from it. So, here are five things you should do if you want to enjoy a successful retirement. 1. Build a retirement vision So much of your view of retirement may come down to the figures. Can I afford to live on my pension? Do I have enough? Instead, planning your retirement needs to start with building a vision for what your post-work years...
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27
Jul
2020
0

7 ways to become financially organised

If you’re like me, lockdown may have given you a bit of time to tackle some of those boring admin jobs you’ve been putting off for ages. Let’s face it: getting financially organised can be quite a mundane task and sorting out old paperwork is not the most exciting way to spend an afternoon! However, I was reading the results of a recent survey by the Co-Op which revealed that, across the UK, people have to deal with an average of 12 organisations when a loved one passes away. The survey revealed that a quarter of bereaved people found administering their loved one’s estate stressful, a sixth (15%) found it upsetting, and almost a tenth (8%) had to take time...
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13
Jul
2020
0

Should I overpay my mortgage or invest the money?

One of the most common questions that clients ask me is: “Should I invest my money, or use it to pay off my mortgage?” There are typically two reasons clients are considering this: They have a lump sum sitting in a low interest account and wonder if they could be doing something better with it They have spare cash at the end of every month and are looking for a meaningful way to make the most of this disposable income. Of course, the answer to this question will vary from client to client. And, it’s not just financial factors that you have to consider, but psychological concerns as well. What to think about if you’re considering paying off your mortgage...
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8
Jul
2020
0

Your Summer Statement 2020 summary

Just a few months after delivering his first Budget as Chancellor, Rishi Sunak delivered a Summer Statement, dubbed a ‘mini-Budget’ on Wednesday 8th July 2020. Back in March, some of the measures announced in the Budget focused on supporting people and businesses as the Covid-19 pandemic was taking hold. Five months later, the focus has now shifted to recovery as lockdown and social distancing restrictions ease. Rishi began by saying the government had taken decisive action to protect the economy earlier this year but acknowledged people were now worried about unemployment rates rising and economic uncertainty. This is against a backdrop of a global economic downturn, with the International Monetary Fund (IMF) predicting the deepest recession since records began. With...
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22
Jun
2020
1

7 life lessons to learn from lockdown

Over the last three months, life for many of us has changed beyond recognition. Perhaps you have suddenly found yourself working from home, homeschooling your children, or trying to keep your business afloat? There are many things that we’re looking forward to when things return to something approaching normal. From a restaurant meal to spending time with friends and extended family, you’re probably already making some plans for the months ahead. There will also be many things that we have learned about ourselves during lockdown that we want to retain. And, there will be many things that we’ve had the opportunity to do that we’ll be reluctant to give up. Here are seven life lessons we can learn from lockdown....
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9
Jun
2020
0

4 tips for talking about money with your partner

When I meet couples to talk about their finances, I often find that one of the parties is much more engaged than the other. In relationships, it’s often one party that deals with the finances, while the other one shies away because they are not interested or, more often, because they find it hard to talk about. It’s not just my clients who sometimes struggle. Research from M&S Bank has revealed that only 17% of people in a relationship regularly talk about finances with their partner. More than one in 10 are apprehensive about discussing debts, do not share how much they earn or know details of their partner’s wages. Psychologist Emma Kenny says: “The findings show that money can...
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