deVere Financial Planning
Investment
Every investor is unique. Each one has a different set of reasons to invest. Whether
you wish to save for your children’s higher education, fund for your retirement,
purchase a home or simply wish to provide for your family, investments make your
money work for you. Sound financial planning assesses individual circumstances and
structures the development of a client’s financial assets and savings capacity.
To allow you to enjoy the finer things in life in the years ahead, or purely provide
for a secure future, you will need to build a considerable capital sum. The only
way most people achieve this is through saving regularly so that saving becomes
a habit. Savings can grow surprisingly quickly, providing you with peace-of-mind
and the ability to afford things you really want.
Based on your circumstance, goals and attitude to the investment risk and tax situation,
deVere & Partners will assist you to evaluate which savings or investment vehicle
best suits you.
Retirement
“According to the International Labour Organisation, by 2025, there will be
only 1.5 wage earning people for each ageing dependant in Western Europe.”
Retirement planning is an art. It takes expertise and skill to create and protect
wealth throughout your working life in order to maintain your standard of living
after retirement. A practiced eye is needed in order to maintain purchasing power
that can be eroded by inflation and to preserve the value of an estate. Retirement
planning could include tax planning, which will ensure financial growth and returns
are optimised in net terms.
Since more individuals and companies make their own retirement arrangements, governments
recognize their practical inability to provide adequate retirement benefits. We
cannot rely on state benefits any longer.
Early Retirement?
Be realistic. How accessible is early retirement for you? Leaving the work force
before the age of 65 can be an overwhelming task unless you plan in advance.
Planning is vital. So is the advice of a professional financial adviser. Take into
account inflation, healthcare coverage and penalties for early withdrawals (if applicable
to your pension). Great advice is essential.
How much will you need?
You probably think expenses drop in retirement. After all, you’ve bought your house,
the car, the kids are gone and married. Think again. Costs don’t always drop as
much as you’d expect. They may even rise. You may travel more, join a club or require
some sort of hospitalization. Most people plan for 80-100% of their pre-retirement
income.
What returns should you expect in retirement?
Proper planning as early as possible is vital. Strategies and outlooks change
over time. Your deVere & Partners financial adviser will help you find the best
funds in conjunction with your attitude to risk as well as explain the concepts
of cost averaging, growth consolidation and much more.
Education
Education fees are on the rise. Saving for your children’s education requires a
long-term plan. Just like saving for retirement, the earlier you start your plan
the better. You may choose to target one or all of the different stages of your
child’s education:
• Primary
• Secondary
• University/ Higher Education
Heavy school fees can significantly diminish net disposable income. Planning in
advance provides you with financial freedom whilst providing an excellent start
in your child’s life. Making the necessary financial arrangements today means that
the decision whether to go on to higher education can be decided on ability, not
financial standing.
 Have a consultant
contact me
Next
|