Why set goals? And specifically, why set financial goals?
Very few people in the UK set financial goals, or if they do, most do not know how to achieve them or have the time and knowledge to implement a strategy.
It’s essential through our working lives to understand our changing needs for income and capital. This requires constant review – how much we will need to save throughout our working lives through pensions or other sources of capital to sustain the standard of living we aspire to in retirement, is something that should be planned for over many years.
The engagement of a good financial adviser will help you define your goals, provide solutions and challenge the financial decisions you have taken, or might be thinking of taking.
Just as important as setting your goals, is the regular review of your strategy to achieve these aims and assess how the solutions deployed are working. At Cullen’s we strongly feel that an annual review meeting is critical in order to review financial plans and to instigate changes where appropriate; it also allows us to act as your conscience and to encourage you to take the right steps.
The value of financial advice can be as much about the emotional benefits, such as peace of mind, removing the hassle factor and financial education.
If you would like a review of your financial goals, or to engage one of our consultants in a regular annual review service, then please contact a member of the team.
