You will have times in your life when you’re not sure what to do with your money or what decisions you need to make to protect your financial future.
✅This is where talking to a financial adviser can help.
✅A recent report by Unbiased carried out by International Longevity Centre, found that individuals that took advice, over those that didn’t could have been better off by around £50,000 over 10 years !
Here, we look at 4 times in your life when it pays to get a financial adviser to help you manage your finances
1️⃣ Getting married, having children
Getting married and having children are both significant milestones in life and involve a lot of planning and organisation
▪️Life Assurance & family protection
▪️mortgages, tax planning
▪️saving for your children’s education
These are just some of the areas you may need guidance
2️⃣ Receiving an inheritance
Receiving a cash windfall through inheritance can transform your financial circumstances.
But knowing what to do with a lump sum can be daunting and sticking it all in a cash savings account isn’t necessarily sensible long-term.
3️⃣ Approaching retirement
There is an abundance of solutions available at retirement, some more complex than others, but deciding what best suits your needs is not an easy task.
4️⃣ Leaving a legacy
Estate and tax planning can be complicated, so it’s worth getting advice to help you make the right decisions for your situation
Therefore in the long run, a good financial adviser will justify their fees by making you a wealthier individual than if you opted to go it alone.
If you haven’t reviewed your finances for a while or do not have an adviser to speak to, get in touch TODAY to see if you could benefit from having expert advice.