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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.
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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
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