Over-50s concerned about job security due to COVID-19 pressures
The coronavirus (COVID-19) pandemic crisis could leave the next generation of retirees significantly poorer and sicker. 4.8 million people over 50 and in work fear losing their job because of the COVID-19 pandemic, according to new research that reveals fears of finding a new role.
Navigating the complex choices planning for the future brings
When we talk about financial wellbeing, we refer to how you feel about the control you have over your financial future – and your relationship with money. This includes your ability to respond to financial unpredictability and unexpected expenses.
Time to get back to dreaming about stopping work. Not dreading it.
Life changes when you retire – and so does how you spend your money. Whatever your plans, it’s important to keep on top of things and think about the lifestyle you want. It’s also worth noting the average life expectancy at age 65 years is 18.6 years for men and 21.0 years for women.
Coronavirus spurs one in six to take action on their Will
Have you decided what will happen to your property and belongings after your death? It is never too early to be thinking of making a Will and to ensure that your assets and estate go to the people you want them to. If you don’t, that may not happen.
What you can do to reduce a future financial shortfall
A lot has been made of the gender pay gap, but what’s not so well known is how this can affect women in retirement. Unsurprisingly, women don’t fare as well as men when it comes to the savings they’ve built up for a healthy and economically stable retirement.
Bank of Mum and Dad is playing an ever-present role in the housing market
Across the UK, parents, grandparents, family and friends have been reaching into their pockets to help young, hopeful buyers and even growing families to make their housing plans a reality. These generous lenders are often funding most or all of the deposit buyers need to step onto or up the ladder.
Any goal, let alone financial, without a clear objective is nothing more than a pipe dream
The New Year is a great time to make financial resolutions but, unfortunately, achieving financial goals isn’t quite that simple. Habits become ingrained and hard to overcome. For some of us, the resolutions we set, financial or otherwise, can quickly become overwhelming.
How much of your wealth do you currently hold in cash?
One paradox of the coronavirus (COVID-19) pandemic is that even as businesses have shut down and jobs have disappeared, some British households have on average been saving more money than they usually do, due to lower spending, according to new research.
If you do not know where you are going on your life journey, how will you know when you arrive? This is very true about the importance of having financial goals. You need to set financial goals to help you make wise financial decisions, and also as a reward for your efforts. Goals should be clear, concise, detailed and written down. Remember, an unwritten goal is just a wish.
Paul Young Independent Financial Advisors is Authorised and Regulated by the Financial Conduct Authority.
Paul Young IFA is a Limited Liability Partnership. Partnership No. OC425312. FRN 830471.
The material on the site is the copyright material of Paul Young Independent Financial Advisors. You may not copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public, or otherwise use Paul Young Independent Financial Advisors content in any way except for your own personal, non-commercial use. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers. Paul Young Independent Financial Advisors does not accept any liability for your reliance upon, or any errors or omissions. Any other use of Paul Young Independent Financial Advisors content requires the prior written permission of Paul Young Independent Financial Advisors.