These goals could include owning your own home, saving for school or university fees for your children, Retirement planning or saving to cover the costs of long-term care as you get older. Whatever your goals, strong financial planning can help you to achieve them.
Professional financial planning can also help you to manage your investments in line with your individual goals and objectives, understand your tax obligations, protect you in case of unexpected illness or job loss and ensure that your wealth is passed on to the next generation in line with your wishes.
As we are continuing to live longer, you will need your retirement fund to last significantly longer than your parents did and as part of this planning you will also need to take your long-term care provisions into consideration.
You may also be looking to retire sooner than you anticipated, replacing your 9-5 with your hobbies and passions. Today, people in the UK aged between 50 and 75 have over £1trillion in old-fashioned financial products, by moving your money into the new world, you could make your retirement dreams a reality.
Regardless of when you intend to retire, if you do not start planning for it now, there is a real danger that you could outlive your savings.