Investment Insights
Investments do rise and do fall in value and we strongly advise that professional advice is taken before investing your money
A reported article in election year has emerged from the 'International Longevity Centre', who even knew of such a department - and I bet they are very well paid! The suggestion is that state pension age needs to rise, which in fairness is not really new 'news' as it is a topic that has been going on for quite some time. I am actually of the view that extensions to the state pension age should not happen but that is a discussion for another day! Now, without wishing to be an alarmist, the reality is that most people are inadequately prepared and will probably arrive at retirement with the financial bucket empty! In this day and age we find ourselves living in an Instagram picture perfect world and saving for all life’s stages is not considered by most, but for the few who do want to listen, I would say ignore what you think you may get from the state system and take control today! If you have time on your side, map out your perfect life, marriage, kids, state school vs private school, holidays, healthcare etc etc..., what does your best life look like for you and then cash flow your scenarios. If you are older than these life stages feel free to join the journey at your age, then challenge your assumptions and expectations and put your life plan down on paper and place a copy on your fridge door… Taking control is the only answer to a secure life, everything else is just luck or bad luck if not planned. |
AuthorSteven is a Fellow of the Personal Finance Society, whom is passionate about investing and getting the most from your money. Archives
March 2024
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Steven Mufti & Associates Ltd is authorised and regulated by the Financial Conduct Authority.
Financial Services Register Number 607613. Registered in England & Wales, Company number 8664240. Registered Office address: 27 Armitage Court, Ascot, Berkshire, SL5 9TA. Telephone: 01344 623811 Email: advice@smawm.co.uk The guidance and or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted to customers in the UK. The FCA does not regulate taxation advice. The value of your investments may fall as well as rise. Financial Conduct Authority register: https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMlk7AAD |
7/2/2024
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