Everything Fogwill & Jones Wealth Management do is dedicated to improving, managing and protecting your wealth. We align our expertise with your individual needs, putting you at the heart of everything we do.
LIFE STAGES
Everything Fogwill & Jones Wealth Management do is dedicated to improving, managing and protecting your wealth. We align our expertise with your individual needs, putting you at the heart of everything we do. Just as in all aspects of your life, setting financial goals allows us to track your progress towards achieving your objectives.
Before you can begin to define your own financial plans, it is essential you first prioritise the objectives to establish which is most important to you. Then you have a strong foundation to decide what you choose to do with your money. This will also help you identify the most appropriate savings, investment, retirement, protection, later life care, tax and estate planning strategies to ensure you succeed as far as possible.
You may have just settled into your first job within your career and have many objectives that you wish to achieve. These might be to buy your first car, buy your first home, or maybe even to start a family. Even though it may not feel like it, this is an important stage of your life to begin thinking about your future and the sort of lifestyle that you wish to live. It would be useful for you to begin thinking about saving and investing your money, ensuring you have insurance in place for worst case scenarios, and also to start a pension to ensure that your future retirement is comfortable for you to live life how you want to live.
You may be long settled into your career and very much enjoying it, or you may be thinking about changing career altogether. Either way you might have lots of objectives that you wish to achieve such as buying a second property, getting married, starting a family, going on more holidays, or upgrading your car. You might also have many concerns that might be troubling you, such as keeping on top of your mortgage payments, ensuring your family are looked after (both your children and your parents), or how your retirement is going to look. At this stage of your life it is crucial that you are making important decisions with how you manage your money and that it is being effectively used. Ideally you should have insurance in place to deal with worst case scenarios to protect you and your family, pension provisions in place to ensure that you can afford to retire comfortably and keep up your current lifestyle, and a general emergency reserve of savings to meet any unforeseen circumstances.
You may now be reaching the end of your long, enjoyable career and be looking towards the future and how you will spend your retirement. Your children may have moved out and gone to university or bought their first home, you may be looking to downsize your home, or you might be considering partial retirement and working part time. Whatever your objective is, you may still have many worries such as whether you have sufficient pension provisions in place, whether you can afford to retire at the age that you would like to, or you may still be worrying about what would happen in a worst case scenario. It is important that at this stage of your life that you have everything in place financially to enable you to transition into the next phase of your life as easily as possible.
You may now be settled into you retirement lifestyle and enjoying many more holidays than you used to, more time with your family than ever before, or you may have taken up new hobbies. Still you might have objectives that you want to achieve, such as buying a holiday home abroad, buying that luxury car you have always wanted, or helping your children/grandchildren with university or getting on the property ladder. You might, however, be worried about running out of money sooner rather than later. So, at this stage of your life it is about managing your money effectively to ensure that it lasts you right throughout your retirement, and that you are able to enjoy retirement the way that you would like to.
You may now have thoroughly enjoyed your retirement and done all of the things that you have ever wanted to do, and you might be now beginning to slow down your lifestyle and spending more time relaxing. At this stage of your life your objectives are also your worries, for example you may be thinking about leaving money to your family when you die, if so can you afford it? This stage of your life is all about planning for the worst case scenarios, such as when you die and leave behind your financial estate, or whether you may need specialist care for you to carry on your daily activities. It is vital that you plan ahead for these and that your money is going where you want it to go.
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Fogwill & Jones Wealth Management is a trading name of Fogwill & Jones Asset Management Ltd.
Fogwill & Jones Asset Management Ltd is authorised and regulated by the Financial Conduct Authority. FCA number 433208. Registered in England and Wales. Registered office: DeVere House, 4 Acorn Business Park, Woodseats Close, Sheffield, S8 0TB. Company registration number 5459286. VAT Reg No 859 4216 95.
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The Financial Conduct Authority does not regulate Will Writing, Taxation and Trust advice. Not all Inheritance Tax Planning solutions are regulated by the Financial Conduct Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore targeted at clients based in the UK.
