Reviewing our goals

Life in recent weeks has changed for us all, with some affected worse than others especially those who have lost loved ones. I do think it will change the way we approach life – at least I know it will for me. I never thought I would see the day that I would be restricted from leaving my home but grateful, because I am not ill and safe in the knowledge that unlike some I don’t have to leave my house to work. Also I have never been so grateful to the key workers who are ensuring that people are receiving the care they require and that we receive the basic essentials we need.

I have read a lot in the last few weeks and the one thing that has really made me stop and think were the comments saying that we all want our lives to return to normal. But take a moment and work out what parts of normal life you want to rush back to.

I do believe that we need to stay positive during what is a stressful time for many of us and take some time to work out any changes we would like to make when life is back to normal. I can think of a number of changes that I will make. Coming out of this is not going to be easy for any of us and financially many of us have had to face some losses. I have always been a firm believer that having goals gives us direction, focus and the strength to get through tough times. This may not be the answer for everyone but for many of us it could help us to get through the hard times ahead.

Many goals will need a financial plan in place to help us to achieve them. You may be setting new goals, or your progress towards existing goals may have been affected. If you need a hand with these please give us a call.

Allowances, limits and thresholds correct at the time of writing, but are subject to change in the future. Please confirm the current position before taking any action

 

Keeping your investments in tune

We recently rescued a piano, which was sadly rather out of tune. The piano tuner came today to tune it. To get it playing well and sounding beautiful, the strings need to be at the right tension and the hammers in good condition so they hit the strings well. It also needs to be easy to play, so the keys shouldn’t keep getting stuck. Once these things are sorted out, the piano also needs to be retuned again regularly to keep it up to scratch.

Unfortunately our poor piano was old and had been somewhat neglected and is now beyond repair, so we’ll have to send it to piano heaven and get a replacement.

Often our finances can be the same. It’s easy to leave the arrangements that we have made in the past, because they worked well when we bought them. Over the years, the investments held within our ISAs, bonds or pensions may be working less well, or there may now be a better way of doing what we were trying to achieve. We can now access many providers’ plans online, or at least consolidate a number of holdings into one place, making them far easier to administer.

Having someone retune your investments means that you can make sure that what you have is still the best way to reach your financial goals. It also means that if your existing setup is out of kilter with what you need, you can replace it with a more appropriate option, or just tweak some of the individual parts. Regular reviews can then make sure that it never gets too far out of tune again.

If you would like a review of your finances contact us today to arrange a free intial consultation.

Allowances, limits and thresholds correct at the time of writing, but are subject to change in the future. Please confirm the current position before taking any action

 

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