What are the next steps and what could you do now?

Here are the key steps to achieving your financial goals and some considerations to help you:

1. Understand what you want to achieve and when you want to achieve it

1. • Write down your goals and specific timelines for them
   • Consider what lifestyle you would like in retirement
   • If relevant, think about your partner’s objectives, especially when they would like to retire

2. Calculate how much it will cost

1. • Consider the cost today and how much the same may cost in the future
   • Think about inflation and how this may impact some costs differently
   • When thinking about your retirement income, will you want this to keep pace with inflation?
   • Think about tax and how you can plan your retirement income in a tax efficient way

3. Work out how much you already have and how much more you need

1. • Make a list of your assets and liabilities
   • Obtain State Pension forecasts, take them into account
   • Where are your current savings and investments?
   • Can you find a better home for your savings and investments?
   • Do your current investments fit with your attitude to risk
   • Calculate how much more money you might need to achieve your goals

4. Make a savings plan to keep you on track for your goals

1. • Work out how much you spend now and how much disposable income you have
   • Create a savings plan to help you bridge any gaps
   • Can you get better ‘deals’ on essentials and reduce your outgoings

Book your appointment with a Financial Adviser

Planning your finances thoroughly with a Financial Adviser could not only make your plans more achievable it might also save you money, or make you more money in the long term.

To arrange an appointment with one of our Financial Advisers, please click here to contact us.