One of the best lessons anyone can learn is to be careful where you get your information from. This is especially true when you are making decisions that affect your financial future. Getting advice from professional Financial Advisers in Sutton Coldfield will ensure you have correct information that is based upon your unique circumstances.
When thinking about financial planning it is important to keep focused on your long-term goals. Market volatility, which means that investments can go up as well as down, is always likely, and although risk can never be eliminated altogether working with Financial Advisers in Sutton Coldfield will give you the opportunity to put in place strategies to reduce risk.
During your lifetime there are many financial decisions that will need to be taken. For example, at the age of 55 you can generally take 25% of your pension savings as a tax-free lump sum. There is more than one way to do this, and getting help from Financial Advisers in Sutton Coldfield will help you decide which is the most appropriate way for you to do this.
On the subject of pensions, people change jobs more frequently nowadays, meaning that they can often have small pension pots with past employers that they fail to keep track off. According to research there are around 1.6m* pensions that UK workers have forgotten about. Getting financial advice from Financial Advisers in Sutton Coldfield could help you identify your pensions and by reviewing them you will know how they are performing and if you need to take any action.
Another financial decision that you may need to take is whether to pass money on to your family during your lifetime. Concerns have been raised that this might be at the expense of your own financial security. So, professional advice from Financial Advisers in Sutton Coldfield is recommended, as this will help you assess the impact this may have on your income in your retirement.
We have a holistic approach to financial planning, where we first discuss your goals, hopes and dreams and then help you to make the appropriate plans to achieve as much as possible, or even prioritise. When you get financial advice in Sutton Coldfield from us you can benefit from our Lifestyle Financial Planning service, which includes regular reviews to enable you to keep on track.
The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.
As Financial Advisers in Sutton Coldfield we work with many local clients. Our first meeting is at our cost and without obligation. Please contact us to see how we can help.
*Research carried out by Pensions Policy Institute on behalf of ABI, Oct 2018