Start Intergenerational Financial Planning now and Give your Family a Future
Financial times have changed considerably in the last few years. The baby boomer generation that grew up in a time of affordable housing and low education costs has given way to financial uncertainty among the millennial generation. Right now in the UK, the baby boomer generation holds over half of the UK’s wealth. This is […]
How to Avoid Inheritance Tax by Giving Away your Surplus Income
When it comes to wealth management, inheritance tax (IHT) generates its fair share of headaches. Tax rules across the world are murky and unclear where IHT is concerned. A wrong turn when navigating this path can cost your family dearly especially in the UK. Giving Away Income to avoid Inheritance Tax Under section 21 of […]
How to Retire a Millionaire: The Essential Guide
Retiring a millionaire is not as hard as you think So how do you get to retire a millionaire? Don’t waste $700k! Compound interest is your best friend when it comes to savings and investment. This is especially true when planning for your retirement. If you invest $100 a month at 25 until you retire […]
Want your Children to Attend University? Start Planning Now
University costs have been rising for years and a new report on U.S. university costs in eighteen years time underlines this point. According to Wealthfront, a U.S. based investment platform, the following figures show projected U.S. university costs in 2036, 18 years from now: Private university costs are likely to be $303,000, up from $167,000 […]
Do you have a Pension Pot of £260,000? You may face falling living standards in retirement if you don’t
Royal London has recently published a report showing that to maintain a good standard of living in retirement you need a pension pot of £260,000. Together with the state pension, this would give you a pension of £28,000 per year, the UK’s current average wage. This is based on a scenario with no mortgage. If […]
Sending your Kids to a US College Maybe More Affordable than you Think
Nobody underestimates the value of a good college education in today’s world. The best jobs go to graduates and as such without a degree under their belt; your child’s prospects are severely limited. The good news is that if you are based in the U.S. or want to send your child to an American college, […]
67% of Americans are going to Run out of Retirement Income, how healthy is yours?
Recently, Northwestern Mutual’s 2018 Planning & Progress Study, revealed that 78% of 2003 American respondents were concerned about running of money in retirement. 66% believed they were going to outlive their retirement savings. This further underlines the belief among financial planners that investing as soon as you are able in your retirement is the prudent […]
Cancer: Are you Ready for it?
Health Insurance Saves Lives Recently, an article in the Daily Mail reported that many people were confused about what does, and does not cause cancer. According to the article the paper surveyed 1300 adults and compared this to published knowledge about cancer causes. Many that took part in the survey cited microwaves, mobile phones, and […]
Passing your pension on to the right person
The pension freedoms introduced in 2015 brought about a number of changes and one of the biggest was the ability to pass a pension on tax-free. Under the new rules, you can pass on your pension to the beneficiaries you have nominated without an Inheritance Tax charge. This change has led to the increased importance […]
The £7.6 Trillion Pension Liabilities Highlights the Need for Financial Planning Advice
New figures have emerged that shows pension liabilities have reached £7.6 trillion. This vast sum is made up of both public and private sector pension pots. This is worrying news as it is quite possible that should your employer or one of your previous employers run into difficulties, your pension could be lost in a […]