With the help of an IFA you can review your financial progress on an annual or a 6-monthly basis to check that you are keeping to the plan. If you are on track, then you may be able to start new savings or investments.
If you wait until you’re 60 to consider how your pension plan is coming along, you may find that it is just too late to review your progress. Reviewing, adapting and refining your strategy throughout the years is critical to a successful outcome.
If you do your own financial planning, you probably already have a habit in place to check that all is going well and that your plan is on track.
Even if you have a financial planner who should have organised review dates, make sure you drive this process. The old adage of ‘no one plans to fail; they simply fail to plan’, could never be truer with regards keeping a plan on target.
There may be opportunities to save on the cost of for example, insurances and utilities; the market for both are now exceptionally competitive, with many firms offering loss-leading deals to attract you as a client.
If £60 a month could be saved from renegotiation your gas and electric supply, it’s £60 a month that could go towards your Boat / Botox. The sooner any issue is looked at, the sooner it will be resolved.
If you would like to speak to an LGBT-friendly financial adviser about your financial plan, please enter your postcode under the map on your right to find an adviser near you.
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