New Year’s Resolutions – how we can help you achieve your financial planning goals

In our latest blog, financial planning director James McIntyre discusses new year’s resolutions and how we can help you with your financial planning goals.

Hopefully you have had a well-deserved break over the Christmas period and have enjoyed spending time with your loved ones.

Now that the festivities are over for another year, our minds start to focus on our plans for the new year. Each year passes by quickly, so it is important to spend time focussing on yourself. New year’s resolutions are a great way to give yourself some deserved attention. For example, they can help us get back to the gym, start a new hobby or they could be used to get your financial planning needs in shape.

Now may be the time to think about your pension…

Often when I meet up with clients, the first thing that they say to me is “I have been meaning to sort out my pension for a while.”

By modelling a cashflow forecast, we can make sure that you are on track to have sufficient funds in place to ensure that you can retire when you want with a suitable amount of personal funds to sustain your retirement. We can offer a sense of direction to ensure that you know what is required to reach your retirement goals.

If you don’t understand how your pension will work from a practical perspective when you retire, we are happy to offer our advice and support to ease any worries you may have and help you put a plan in action.

What would happen if?

The New Year is a great time to implement a will to ensure that assets are smoothly passed to the individuals you desire upon death. It is also important that you have nominated someone to benefit from your pension funds in the event of death. We can help you do this through an expression of wish form.

You also have a great opportunity to make sure your family is able to cope financially in the event of death or ill health. We can use our cashflow planning model to help you understand what you, and your family, would need financially in the event of the unknown.

Personal contingency planning is something which may have crossed your mind, but you haven’t been able to do anything about it because of the bustle of life. If you would like to enquire about ways you can optimise your safety net for your loved ones, please get in touch.

Henry Ford was famously quoted as saying “whether you think you can or think you can’t, you’re right.” With your finances, the best place to start is with a plan. If you have a destination in mind, we can map out your financial journey and help you get where you want to be.

Get in touch

If your new year’s resolution is to make the most out of your financial planning, please don’t hesitate to get in touch using the button below.