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Money. Funds. Investments - What should I do?

ITSYOURFUTURE recommends you take stock of your finances to better understand your current personal and financial circumstances. Ask yourself the following questions:

  1. What are your current assets (include all pension assets, property, savings, shares, stocks)?
  2. What are your current liabilities, (how much do you owe and for how long more)?
  3. What current provision do you have to plan for your future (whether this is 10, 20, 30 years or more)?
  4. What current provision do you have to protect against unforeseen events like being sick and unable to do your job or any job for a considerable length of time?
  5. What if you had to leave your job in the morning, what financial provision would you have?
  6. What if you were made redundant…would you have savings?
  7. Have you protected your children/family/partner/spouse by making a Will?

Depending on your age and what stage you are in your career, the questions above will have a different emphasis for you. At ITSYOURFTURE, we offer advice to support you and help to meet these needs but subject to what you can afford. ITSYOURFTURE will help you to:

  • Identify and prioritise your financial needs and objectives
  • Achieve certain financial goals
  • Assess your overall financial situation
  • Consider suitable financial arrangements to protect for the unexpected but plan for your future
  • Have peace of mind as you have a plan which you can review regularly

Suggestion – Do you have an emergency fund?

In the current climate it's more important than ever for you to build up some savings. This money should be readily available, if you need it for some unforeseen circumstances such as reduced income or redundancy. Try to build up at least three months salary and put it away so you won’t be tempted to use it for day to day things.

 

Articles

The following article may be useful resource to assit you and your loved ones in developing your retirement plan and creating a secure and safe future for you and your family.

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Dictionary of Terms

Want to gain a better understanding of terms used by professionals in pensions and financial organisations?

Beat the Jargon!