Financial Planning

Lightening the mental load

It’s no great secret that as we age our bodies begin to go into some form of decline, it can’t be disputed because the evidence is visible. Mental decline isn’t visible, no one knows what’s happening in anyone else’s head. This means it might be more open to dispute, delaying any response.

Closing the gap

Women need to educate themselves about how to mitigate things like illness and the loss of a partner and talk to an expert about things like estate planning, life and health insurance, investing and retirement planning. The more informed and prepared women are for these things, the better they will feel, and the more protected they will be.

We all need to know financial control

Clearly anyone can quickly pick up cooking, laundry or start the hedge trimmer if needed, but finances can be daunting and difficult if there’s no familiarity there. A lack of financial knowledge can be paralysing if a person is suddenly confronted with financial demands.

Make sure you have a 'fire drill' for your investment plan

An adviser once said he did not so much have people with investment problems as he had investments with people problems. Your assumed rationality can vanish in a crisis. So why not build your human imperfections into your game plan?

Where there's a Will, but no way

Is your will drawn up? Do you have a power of attorney? Aside from ensuring your investments are right for you, your financial adviser should have a healthy interest in ensuring a few other things in your life are addressed.

Should you rent a home, or buy?

So, renting a home always equals throwing money down the drain, and buying a home is key to building equity … right? Nope. That rule is as outdated as a horse and carriage. In fact, more people are deciding to keep on renting — indefinitely. Why? People have different financial goals.

Your New Year's Resolution

The new year is a time of reflection; a ready-made reminder to us all that we should perhaps take stock of what's happened and what will come next. It is a good time to ask a very simple but profound question: What could possibly go wrong over the course of the coming year?

Six mistakes investors make that you need to avoid

In almost every area of life – whether it's marriage, the workplace, or taking care of our health – we are often our own worst enemies. The realm of personal finance is no different. What's the biggest threat to achieving financial independence? Unfortunately, it's your own brain.