Financial advisers can call upon a generic framework to inform the services they need to provide within financial planning. This framework categorises people and their needs based on age groups. For example, someone at the start of their career will need different financial planning services compared to someone nearing retirement.
That being said, financial planning services must cater to the individual rather than just their age. Each person will have unique needs and preferences based on their life experiences and life events, which may not conform to the experiences of most people their age. The framework acts as a starting point, but the services provided are always tailored to the client and their family.
Considerations within the pre-retirement stage
During the pre-retirement stage, individuals are nearing the end of their wealth accumulation stage and need to be fully prepared to fund their retirement. This usually means financial planning services focus on pensions, investments and even retirement income management. It can be a daunting period as people worry whether they will have enough money to provide the lifestyle they envisioned. Yet, it is not too late to take action and improve circumstances.
Financial planning services may be used to look for ways to increase projected wealth during retirement, whereas for others they might be used to safeguard wealth that has already been accumulated. For example, the risk tolerance on investments may be recalculated and adjusted to accommodate individual needs and objectives. It’s also a stage where individuals will focus on paying off any outstanding debts they may have, including their mortgage.
Health and pre-retirement
Unfortunately for some, this stage of life can include medical issues and health problems. Coping with a long-term and serious illness should be factored into any financial planning services, especially if those issues will require finances to live a more comfortable life. These events may require a complete reassessment of retirement priorities for individuals and their loved ones, which is just one reason why financial planning advice is an ongoing requirement which adapts alongside the individual.
For further information on financial planning for those in the pre-retirement stage, don’t hesitate to contact our friendly team, today.
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FAQ'S
We offer a free no-obligation initial consultation, which will allow us to identify your financial planning needs and to determine what services are most suitable for you.
On this meeting, we will provide you with and discuss our Terms of Business brochure. This document clearly details our fees for all areas of advice we provide. We understand individuals’ have different needs and objectives and after our consultation we will be able to confirm our fees. At no point will any chargeable work be undertaken until you are made aware of any associated fees. We are always happy to answer any questions about how and when our fees are payable, however we may not be able to confirm the exact fee until we have completed an initial consultation.
Yes, of course. We welcome the opportunity for you to invite family or a third-party representative to come along to our meetings if you would like the presence of a familiar face. We endeavour to support you, so please make us aware of any additional requirements or provision you require prior to our meeting.
We can meet face to face at our offices in Bexley. Our address is Unit 34 The Hop Store, Old Bexley Business Park, 19 Bourne Road, Bexley, Kent, DA5 1LR.
We can also facilitate home meetings if required, or video and phone calls if this is more convenient for you
We provide a range of advice services, including mortgages & protection, investments, financial planning, retirement planning, and estate planning. If you wish to discuss your enquiry further, please feel free to call the team on 01322 958222.
Yes, Sidney Curtis Financial Limited is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) and is registered on the FCA register with Firm Reference Number 440703. Sidney Curtis Financial Limited is also registered on the FCA Register with Firm Reference Number 1052400.
We offer a free no-obligation initial consultation, which will allow us to identify your financial planning needs and to determine what services are most suitable for you.
On this meeting, we will provide you with and discuss our Terms of Business brochure. This document clearly details our fees for all areas of advice we provide. We understand individuals’ have different needs and objectives and after our consultation we will be able to confirm our fees. At no point will any chargeable work be undertaken until you are made aware of any associated fees. We are always happy to answer any questions about how and when our fees are payable, however we may not be able to confirm the exact fee until we have completed an initial consultation.
Yes, of course. We welcome the opportunity for you to invite family or a third-party representative to come along to our meetings if you would like the presence of a familiar face. We endeavour to support you, so please make us aware of any additional requirements or provision you require prior to our meeting.
We can meet face to face at our offices in Bexley. Our address is Unit 34 The Hop Store, Old Bexley Business Park, 19 Bourne Road, Bexley, Kent, DA5 1LR.
We can also facilitate home meetings if required, or video and phone calls if this is more convenient for you
We provide a range of advice services, including mortgages & protection, investments, financial planning, retirement planning, and estate planning. If you wish to discuss your enquiry further, please feel free to call the team on 01322 958222.
Yes, Sidney Curtis Financial Limited is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) and is registered on the FCA register with Firm Reference Number 440703. Sidney Curtis Financial Limited is also registered on the FCA Register with Firm Reference Number 1052400.