People who make bad money decisions can often rationalise them. Here are 10 common excuses. Human beings have an astounding facility for self-deception when it comes to their own money. We tend to rationalise our own fears. So instead of just recognising how we feel and reflecting on the thoughts that creates, we cut out […]
View ArticleI have a number of clients who are in the teaching profession and have retired early or taken voluntary redundancies over the past couple of years. If you are in the same position or have friends or family members wondering whether they can afford to take a voluntary redundancy please put them in touch with […]
View ArticleI was listening to BBC Radio 4’s You and Yours yesterday on the way to a physio appointment (O the glamour). Appearing on the show wasLee Hendrie, a premier league footballer who went bankupt in 2010. He lost £10 million on property deals and was left with debts of around £1 million. It is so […]
View ArticleI was asked on Friday by a trade magazine to expand on one of the case studies from our website. I’ve edited it for this blog post (Real names have been changed). Rob and Catriona are typical of many young couples I meet, enjoyig a high standard of living and little to no planning for […]
View ArticleFinancial Planning, Inheritance Tax Planning, Legacy Planning, Legal, News
Recently a client passed away leaving behind his wife. Annie* and her late husband had known me since I was a baby and their children are also clients of our firm. As with many families it is often the case that one spouse “deals with the money” and Tom* had handled all of the finances. […]
View ArticleI was at a series of seminars in Birmingham last week. One of them discussed the different generational needs of clients. Many of our clients are Baby Boomers (born 1946-1964) with an increasing number in Generation X (1965-1979). I am part of Generation X and my wife is Generation Y. Our two children belong to […]
View ArticleMy wife asked me the other day about this while reading a lot of conflicting comments on one of her online “baby forums” – there seems to be a lot of confusion around this. What is it? Child benefit is currently paid at £20.30 for the first child and then £13.40 for each child after […]
View ArticleI came across this article in a blog recently and found it very useful. It certainly reflects what I’ve found when I’ve looked into how our wealthiest clients accumulated their wealth. There are 7 common factors to those who build net fortunes of one million dollars or more. In America, there has never been more […]
View ArticleI met with a couple last Friday. As we chatted the husband said he’d love to retire next year (aged 60) and do what he enjoyed but he didn’t know if he had enough money or how long it would last. His eyes lit up when I told him that I could provide the answers […]
View ArticleHave you ever wondered how advisers get paid, whether that’s your independent financial adviser or tied bank adviser? How do consumers pay for advice? It’s never free! Some of you might well have heard the phrase “The Retail Distribution Review” in the media over the past months. This is being introduced at the end of […]
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