Life Events

Financial Planning for Life Events

Marriage, children, buying a home, saving for college, retirement – these are just some of life's milestones that we all aspire to achieve. However, life is unpredictable and unexpected events like divorce, disability or job loss can derail even the best-laid plans. That's why at RAE Financial Advisory Services Ltd, we emphasise the importance of financial planning to help you navigate life's journey with confidence and resilience.

The Significance of Saving and Financial Planning

Saving and financial planning are the cornerstones of building wealth and preparing for life's twists and turns. According to statistics provided by the FCA, up to a third of UK adults have either no savings or less than £1,000 in a savings account. This underscores the critical importance of prioritising saving and having a robust financial plan in place.

We work closely with our clients to establish saving habits that align with their goals, whether it's creating an emergency fund, saving for education or planning for retirement. By automating savings and creating a personalised financial roadmap, we help our clients to take control of their financial future.

Major Life Events and Their Financial Implications

As life progresses, your financial needs evolve. Here's how financial planning can help you prepare for some significant life events:

Marriage

Combining finances and establishing joint goals requires careful planning. Our independent financial advisors assist couples in defining their financial objectives, reviewing their collective savings and ensuring adequate coverage to protect their future together.

Job Promotions

A promotion often comes with increased earning potential. We help clients capitalise on this opportunity by optimising their retirement contributions, setting aside additional savings and aligning their financial plan with their newfound income.

Children

Welcoming a new addition to the family is both exciting and financially demanding. We guide parents through the process of setting up college funds, revising their estate plans to provide for their children's future and securing adequate life insurance coverage to safeguard their family's financial well-being.

Buying a Home

Purchasing a home is a significant financial milestone. Our independent financial advisers work with clients to develop a savings plan for their down payment, explore mortgage options and ensure that their home purchase fits seamlessly into their overall financial plan.

Starting a Business

Entrepreneurship requires careful financial planning. We assist aspiring business owners in structuring their businesses, securing financing and implementing tax-efficient strategies to support their entrepreneurial endeavours.

Inheritance

Receiving an inheritance can be both a blessing and a challenge. Our independent financial advisors help clients navigate the complexities of life events such as inheritance planning, providing guidance on wealth preservation, tax mitigation and legacy planning.

Health Care

Unexpected illness or disability can have profound financial implications. We help clients prepare for these contingencies by incorporating planning for unexpected medical expenses into their financial plan and developing strategies to manage healthcare expenses in retirement.

Retirement

Planning for retirement is a lifelong endeavour. We work with clients to establish retirement savings goals, optimise their investment portfolios and develop income strategies to support their desired lifestyle in retirement.

The Power of Time and Strategic Planning for Life Events

Time is a valuable asset when it comes to financial planning. The earlier you start saving, the more time your investments have to grow. However, as retirement approaches, it's essential to adjust your investment strategy to focus on capital preservation and income generation.

Our independent financial advisers are here to help clients navigate these transitions, ensuring that their financial plan remains aligned with their changing needs and goals.

Be Ready for Life - Start Your Financial Planning Today

At RAE Financial Advisory Services Ltd, we believe that proactive financial planning is the key to achieving your life goals and weathering life's uncertainties. Our team of experienced independent financial advisers is committed to helping you build a comprehensive financial plan that provides peace of mind and prepares you for whatever life throws your way.

Contact us today on 07957656773 or fill out the contact form below to schedule a free no-obligation consultation and take the first step towards securing your financial future.