Solutions that work as your priorities change over the years
The future may seem far away, but you need to start planning early. Regardless of your goals, there are things you can do to increase your chances of success! We look objectively at your plans to provide solutions that work as your priorities change over the years and you go through different life events.
Boosting women’s pension savings
A million more women in their 20s could be saving adequately for retirement if they were able to access emergency cash from their pension, according to a new report[1].
Getting there could be easier than you think – but you’ll need to start young
Parents could make their baby an adult millionaire by starting a pension pot when they are born. Children born this year could become millionaires by their 43rd birthday if their families contribute to a pension for the first 18 years of their lives[1].
Redefining how millennials become more financially secure
Millennials are set to redefine how wealth is shared between generations, according to new research[1]. Contrary to expectation, it is not millennials (aged 18–34) who appear to be under the greatest financial strain, with 44% saying they are ‘comfortable’ financially. In fact, the research shows they are trying to do the right thing.
Not putting all your eggs in one basket
Everybody has investment goals in their life, from the old adage of saving for a rainy day to planning a comfortable retirement. There are many reasons why investors might seek an income stream from their investments, for example, to pay for a dependant’s education, supplement a pension or fund the cost of care, yet achieving it can be hard.
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To find out more about how we can help you, please contact Abacus Advice on +44 (0) 1892 320 449 or email info@aaltd.co.uk
