Handling a financial plan is difficult, especially when you’re doing it alone. It’s hard to identify what you need to do and how to do it. Sometimes it’s best to reach for help. Approaching a new chapter in your life is scary, and change can be uncomfortable. But it shouldn’t be like that. Having a financial plan provides you with answers to your queries, a sense of hope and security. Yet, there’s something more important than that. What we think should be prioritised, is whatever you say… So the key thing is you. What you really want. What really matters to you. How do you vision your perfect lifestyle? You’ve got to think about your future, because no one else can do it for you. Although we help people get there, we need to know where ‘there’ is!
It’s very easy for us to just say this about ourselves and it’d be fair for you not to believe us. There’s a common stereotype that financial advisers just want to profit from you, not help you. And that was the same for a lovely couple we met called Mr & Mrs E. It wasn’t until they actually had a meeting with us, that they realised how down to earth and helpful professional advisers could actually be. And how meetings about finance don’t have to be formal and stuffy – one of our core values is that we’re straight talking (so there’s no bamboozling jargon!). We quickly got to the bottom of what their issue was. They felt like they weren’t making the most out of their retirement. After analysis of what they had, we provided them with the security they’d always wanted, so they didn’t need to hold back anymore! Not even a year later, they’d booked a world tour! They’d gone from worrying about finances, to a stress free, happy retirement in under 12 months…
We know with this past year, restrictions have stopped people from travelling and living the lives they want to. But, with the ease of restrictions, we’re beginning to feel a sense of ‘normality’ coming back to life – filling people with the desire to gain new experiences! Despite the negatives of this past year, we’ve learnt how valuable the need for financial security is against unexpected circumstances. Although we can only hope nothing like this will happen again, we can’t prevent it if it does. All we can do is make it easier for ourselves. And how can we do that? Financial planning.
Financial plans don’t only protect yourself and your family, a financial plan covers a lot more than just that. It focuses your lifestyle goals and your choices. The main goal is to make sure your money works for you, especially in an unexpected event of emergency, and even when you’re not around anymore. A thorough and well thought-out financial plan puts into consideration your savings, pensions, investments, potential care and inheritance plans.
It’s always important to have an efficient and effective plan in place in case of emergency, regardless of what stage of life you’re in. Here at PenLife, we adhere to your life goals and circumstances. Working with you to achieve your goals whatever they may be, for example; if over your lifetime, you’ve amassed significant wealth, and you want to ensure you pass it down in the most tax efficient way when you die, you should prioritise making an Inheritance Tax plan. Whereas if you have a family, you should prioritise protecting your income, building up savings and making sure that you’re getting the most out of your money. It really depends on what you’re trying to achieve. It’s never one size fits all when it comes to financial planning!
But why would you ever need a lifestyle planner? Most people are just along for the ride, dealing with whatever comes their way. Its difficult keeping up with your financial priorities throughout each life stage, but having a financial adviser significantly reduces the stress and pressure. An experienced professional can easily identify your needs and priorities as you go, to ensure you always know where you’re at and what you’re working towards. But, not everyone feels comfortable picking up the phone right away. So we built a special tool.
This tool is a simple starting point. It provides you with a few options and then asks you to select the most relevant one to you and your circumstances. After answering the questions, you’ll receive a summary of your financial objectives (alongside your current position) to help you identify your financial priorities. Below the summary, there’s also an option to submit your answers to one of our qualified financial advisers, who’ll then get in touch for an initial chat. The form only takes a few minutes, so click the link below.
If you’re still not convinced, we offer a no-quibble money back guarantee. So if you’re not 100% satisfied with our service after the initial 12 months, we’ll refund all the advice fees you’ve paid us so far (not that anyone has ever taken us up on this offer…). We put this in place to ensure people feel as comfortable as possible when seeking advice from us. That’s also why all of our initial phone calls and meetings are held at our own expense, meaning you won’t pay a penny until you’re confident you’d like to work with us.