Don’t leave it to chance

What­ever stage of life you’ve reached, and what­ever your fu­ture holds, it’ll prob­a­bly be bet­ter if it’s planned

EADT Suffolk - - Planning Your Future -

NONE of us can pre­dict what lies ahead, and the best laid plans can be thwarted by sud­den, un­ex­pected events – ill­ness, nat­u­ral dis­as­ter, other peo­ple’s ac­tions – and fac­tors be­yond our con­trol, such as the econ­omy and po­lit­i­cal de­ci­sions. But plan­ning your own fu­ture gives you at least some con­trol over your own destiny, and a de­gree of se­cu­rity.

For most of us, life is a se­ries of mile­stones – ed­u­ca­tion, first job, home own­er­ship, mar­riage, chil­dren, in­creas­ingly re­dun­dancy and se­cond ca­reer, al­most cer­tainly se­cond mar­riage or re­la­tion­ship, help­ing chil­dren through all of the above, and a well earned re­tire­ment. And more of­ten than not, you can also in­clude pro­vid­ing or car­ing for el­derly par­ents. Life is event­ful.

Cop­ing with all these life stages is made eas­ier with the help of ex­perts who can pro­vide ad­vice and sup­port when it’s needed. This in­cludes fi­nan­cial plan­ning for ed­u­ca­tion, in­vest­ments, pen­sions and re­tire­ment, property buy­ing and sell­ing, health care, and, im­por­tantly, mak­ing a will.

It’s a fact that we’re liv­ing longer. Most of us can ex­pect to be re­tired for al­most as long as our work­ing life. It sounds great, but re­tire­ment isn’t much fun if it in­volves fi­nan­cial hard­ship, poor health, in­ac­tiv­ity, lone­li­ness and iso­la­tion. Liv­ing longer is only good if you live well. No won­der we’re be­ing urged to plan for re­tire­ment as early as pos­si­ble.

So, as you ap­proach re­tire­ment, start by re­view­ing your fi­nances to en­sure your fu­ture in­come will al­low you to en­joy the life­style you want. Think about how you’ll stay ac­tive and so­cial af­ter you leave work. How’s your health? Can you cope if some­thing hap­pens? Where will you live if you can’t look af­ter your home by your­self? Can your fam­ily help? Is this you, or are you now think­ing about your own par­ents’ fu­ture?

There are lots of pro­fes­sion­als and or­gan­i­sa­tions in Suf­folk who can help you plan the fu­ture for you and your fam­ily.

Plan for the road ahead

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