24/05/2022
Thanks to Andrew Maher, Independent Financial Advisor at Maher Brownsword, who visited our office to give a talk on pensions and investments.
Most people stress about money from time to time. Mental health and money are connected. Andy provided insight into some common concerns and offered simple solutions to control personal finances for the future.
Key things to think about:
• The sooner you start thinking about your pension, the better. Start saving now and ride the curve
• A key time to invest is when shares have dropped
• Diversification in investments can be observed by seeing how different assets respond to the same situation
• Consolidate your pension pots for ease and monitoring
• Monitor/review your pension at least once a year. You can do this yourself or by consulting a financial advisor
• Reduce debt as early as you can, save for the long term and invest
• Aim for 3-6 months rainy day funds. Store these in stocks and shares or cash ISAs, where you can easily access your money
• Find out what your long-term sick benefits are at work. Have you insured yourself?