Sitemap   Contact

Cambrian Financial Services
 

 

The Financial Life Cycle

 

A flying start - young and unmarried.»

 

Partnership - young and married.»

 

Family life - married with young children.»

 

Moving on - married with older children.

 

Elbow room - later in life.»

 

Time to reflect - retirement.»

 

 

  Moving on - married with older children.

 

As children grow the associated costs increase.

 

   

If financial advice has been sought at previous life stages, then education plans will be maturing now to cover school fees. A parent who stayed at home when the children were young may return to work and contribute to the family income. Generally, the parents will have a greater disposable income and the balance of their financial planning priorities shift from family protection and planning needs to investment.

However, income protection and private medical insurance still may be desirable or even essential. The annual investment required to fund a good pension is growing with every year of delay. If adequate contributions do not begin here, it may become impossible to build a sufficient fund in order to buy a pension that maintains their standard of living in retirement

Privacy l Legal l Copyright © Cambrian