As our existing clients know, we always get together at least once per year to check their investment and pensions, allowing for any changes in the year whilst making sure their long-term plans (such as a happy retirement) remain on track! We also have no doubt that in January we will be inundated with new years resolutions of “I need to sort my finances out” but in reality, it should not be a once every now and again affair but a regular occurrence given the world of finance moves minute by minute!
A good adviser will challenge you to establish your state pension for example and make up any shortfalls you may have. Secondly, have you got any existing plans? Then review the charges and investment returns! Thirdly is there any more budget, for example a 45-year old with a £100,000 pension fund today (with average annual returns of 4%, £50 per month in and paying annual charges of 0.75%) may have a fund of £225,000 at age 65. If they increased their contribution by just £25 per month, their estimated retirement pot might be £234,000. An extra £9,000 overall for a further £3,000 invested! That’s the power of a regular review!
Don’t leave it until the new year – contact your local experts today and take control of your Financial Fortress!