The Low Interest rates we have been experiencing over the last few years have proved to be good news for those with a mortgage, but less good news for those with traditional savings held in bank accounts. This has led to a rise in people taking a more active part in financial planning, particularly looking towards securing their future, and also a rise in people seeking professional advice on how best to use and secure their savings. In this time when our retirement age is being pushed back later and later, people are looking at their own ways of putting some money aside for the future, and this may include investments, bonds and stocks.
Whether it be pensions you are seeking help with, or investments you want to make, or have made and want to protect and grow, you can always seek the help you need. Personal financial planning can help you find solutions you need to protect your money, and hopefully see it grow further, providing a nice nest egg for you and your family. In our current climate it is suggested that almost 40% of people believe they will not have enough money to live on to support the lifestyle they want once they retire, so this is definitely something to look at sooner, rather than later.
Advice from a reputable source like Jason Vanclef, the CEO of Vanclef Financial Group, is well worth listening to. He believes that anyone can succeed financially if they have the right tools and his company aspires to help clients with the information they need to make sound financial decisions. He also guides clients choices when it comes to their portfolio to help them match their money to their retirement goals, doing this through the management of assets, including retirement accounts and stock holdings.
Issues like retirement and pension planning, have become a very hot potato in light of a growing, ageing population, These can be compounded by the need to also look at other issues that effect your everyday life now, health and life insurance, school and university fees and even looking carefully at your mortgage, and at any other property you might also own. Retirement planning is actually better the earlier you start it, giving more time to invest and save, remember the cost of living is going up all the time, and we are living longer, so we will need more funds for that lifestyle.
If you want to get some financial advice from someone other than your bank manager, I would suggest that you look at an independent financial advisor. The simple reason for this is that you can often hold a totally free, no obligation initial meeting with financial advisors to assess your situation and look for a plan of action. This will give you a chance to air your own individual needs, and hopefully start planning for a more secure future. Don’t bury your head in the sand thinking tomorrow never comes, it does come eventually and you need to be prepared for it, so you can embrace and enjoy life in your golden years.