Refining your finance planning in your forties

Finance Planning

At this stage in life many people will be at the peak of their earnings power, be well established in their cases and have a growing family.

However, that’s not always the case so it’s worth evaluating your circumstances.

Have you recently had a child? Has your salary increased in the last few years? Are you in a comfortable financial position or is it still a struggle to pay all the bills?

It’s also the point at which many people consider how they want to spend the rest of their lives so ask yourself some questions: Do you need to plan for or pay private school fees? Is the plan to retire abroad? Are you hoping to work fewer hours?

The answers to these questions will shape your financial plans and this is why it’s worth running through your options with a qualified financial adviser. If you’re only just starting to save for your retirement now is the time to put money away as a matter of urgency.

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