Life Stages
Prime years
As the years pass and perhaps the kids grows up, the prospect of clearing debt comes into sight. In itself a blue sky moment. Retirement sits somewhere on the horizon, and the years ahead are key and irreplacable in building your future retirement. Attention turns to the flight path to retirement. A big proportion of our clients join us during this phase. Engage in designing the plan now, to enable an enjoyable and less stressful end to your career.
Many professionals at this stage in their career will have an existing adviser. You are, however, moving into specialist territory. Building and implementing a retirement strategy is a particular skill, requiring expertise.
An hour’s meeting is hugely informative to sense check your current set up, and to gauge whether further value could be added by a specialist. Click here to get in touch.
As you move into the prime years of your career, financial planning typically takes on a sharper focus. Now is not a time to dutifully fund pensions and on occasion ISAs, whilst clearing down the mortgage. It is a time to engage in your plans and aspirations, and ensure you are on track to enjoy both a fulfilling career and lifestyle in retirement.
At Kellands Professionals we will work with you to demonstrate your current trajectory, painting a picture of how your retirement might look based on your current pathway. We explain how your retirement strategy will work on a practical level, factoring sensible assumptions on tax and growth. Understanding this is fundamental to connecting your assets to your future goals.
Below are some key areas in which we help professionals, who are in the prime of their career:
1. Whilst you have built some wealth throughout your career, insurance should remain a cornerstone consideration. You are in a key wealth accumulation phase. The upcoming years are irreplaceable in this respect, and it is sensible to protect them, by minimizing the financial risk from a health event. We will help you quantify this and assess whether your existing cover is appropriate.
2. Knowing how your future retirement strategy will work is important. We build an overarching strategy which is optimised for tax and incorporates your debt, investments and pension holdings. Strategy brings clarity and leads to better decisions. Building the plan properly in accumulation brings with it significant benefits in retirement. Similarly, getting comfortable with the drawdown conversation now, brings a far greater appreciation of how your retirement plans will come together in the years ahead.
3. It is common to build ‘a collection’ of accounts over the years, which is constraining from an administrative and investment management perspective. Typically, it is best to seek investment diversification within a contract, not through a collection of them. We will get you organised, and your investments aligned to your objectives and preferences. We also ensure that your pension contracts are suitable to carry you into retirement, and that you are investing in the best solutions, at a suitable level of risk.
4. With a plan in place, and foundations set, our Ongoing Advice Service introduces a repeatable rhythm to review and manage your finances over time. We are experts in taking our professional clients towards, and into retirement.
Life, and your career will always be subject to change, as will legislation and the investment landscape. Financial wellbeing, therefore, is a habit, attained through a consistent approach over an entire lifetime. Kellands Professionals ensure that you navigate change and continue to effectively manage your money throughout the remainder of your career and into retirement, to enjoy a fulfilling and financially secure life. Working with an adviser who specialises in your world adds enormous value.
We are proud advocates of financial advice, particularly for professionals. Financial planning has always been important, but now it is urgent too – get in touch to see how we can help you.
