Financial freedom Creating and maintaining the right investment strategy There are always going to be bumps in the road on every journey, which is why it’s essential to be flexible enough to adjust your plans when the unexpected happens. Your wealth creation objectives need to be able to adapt to whatever’s going on in your life. Nothing should stand between you and your long-term goals. Creating and maintaining the right investment strategy plays a vital role in helping to secure

Why being over 40 is the new mid-20s Why being over 40 is the new mid-20s Healthier lifestyles and feeling happier about financial planning for retirement Nearly one in five (17%) of working over-40s say they are physically fitter than they were in their mid-20s, the nationwide study shows. And the fitness bug even applies to older age groups, with 11% of over-65s reckoning they are physically fitter than in their mid-20s. Career, finances and relationships The study asked over-40s

Wealth preservation Wealth preservation Reducing Inheritance Tax means taking action now A recent survey about Inheritance Tax (IHT)[1] shows that wealthy Britons over the age of 45 are either ignoring estate planning solutions or they have forgotten about the benefits these can provide. Only 27% of those surveyed have taken financial advice on IHT planning, despite all of them having a potential IHT liability. 60% of people surveyed want to leave assets to their spouse or registered civil partner, and

New lease of life Pensioners embracing the benefits of retirement and new-found time According to new research[1], retirement has meant a new lease of life for millions of people who have given up work in the last ten years, with more than one in four (26%) saying they are fitter and healthier since they stopped working. Far from winding down, nearly half of those who have retired since the height of the financial crisis (48%) say they are busier and

Financial Fitness Financial Fitness Time to track and celebrate your wealth goals? A poll of more than 3,500 UK adults[2] found the most common money goals are: putting more money into their savings accounts (21%); paying off their credit cards or loans (17%); and starting a regular savings habit (15%). Some people also plan to reduce their household expenses by switching energy suppliers and insurers (9%). Clear goals in mind Many are planning to save or invest this year, with

Crypto currencies Crypto currencies Don’t believe the hype Transactions are made with no middle men – this means there’s no bank, regardless of the hype around getting rich by trading it. The frenzy was sparked by bitcoin soaring to more than 1,900% in 2017 to around $20,000, before falling to around $14,000 in February this year at the time of writing this article. Separate components There are two separate components. You have bitcoin-the-token, a snippet of code that represents ownership

Beware of the scammers Fraudsters employ increasingly advanced psychological tactics to persuade victims to invest An estimated £1.2bn is lost to investment scams each year, with share sales, wine investments, land banking and carbon credits commonly used by fraudsters to target potential investors. A recent study by Citizen’s Advice found nine out of ten people would fail to spot common warning signs of a pension scam, such as unusually high investment returns, cold calling and offers of free financial advice.

Life events What will influence your retirement income needs? Retirement is a time for you to do the things you’ve always wanted. When considering your retirement income needs, you need to consider the types of events you would like to happen after you retire that may impact your budget. Thinking about these early could help you when you’re deciding the best way to take your pension savings. Perhaps you’re looking forward to having more time to explore faraway places. Or

Financial resilience How prepared are you for any financial shocks? Over three million working couples are classed as ‘double income, no option’ (DINOs), which means they are potentially financially vulnerable if one of the two loses their earnings. The typical household today looks very different from the traditional image of a working family made up of one primary breadwinner and one homemaker. Instead, nowadays many households rely on two incomes to maintain their lifestyle, or even just to get by.

Avoiding hidden dangers in retirement Make sure you don’t run out of money or face a reduced standard of living Increasingly, more and more pensioners are keeping much of their pension invested after they retire. This means they’re faced with two very different risks when deciding what to do with their savings in retirement in a world of ‘pension freedoms’. Since April 2015, people who reach retirement have had much greater flexibility over how they use their pension funds to

You Snooze you Lose The team at Investing For Tomorrow are busy making sure our clients make the most of their opportunities to reduce tax, just one facet of ensuring we use our wealth to the best possible effect. This is true of both our personal business planning as well as optimising business proceeds for tax. Unfortunately, this is where that human tendency to put things off runs out of road, we need to act now to ensure the best

The bank that likes to say ‘yes’ Repeated payouts to children could have a detrimental impact on your own long-term saving Many parents who are in a position to do so would want to provide financial help to their children. However, in many cases, this financial support ends up being gifts from Mum and Dad rather than the loans from the Bank of Mum and Dad they start out as. Long-term dent  These written-off loans risk making a long-term dent