Even seasoned investors can find they end up with a disparate range of products that build up over the years. Lifestyle financial planning is an inclusive approach to securing the lifestyle you desire. It requires a different strategy to how we’d normally select products, as lifestyle financial planning is all about the bigger picture.
Why would you consider lifestyle financial planning?
Most clients only seek out the help of an independent financial planner when they’re faced with an immediate decision or problem. This can be for a variety of reasons. It can be a tax issue, pension worries, or being offered an investment opportunity they are unsure about.
Looking at someone’s financial position often highlights inadequacies in their current arrangements. The bottom line is the vast majority of people aren’t interested in the details of investments. They just need clarity on their current position, and to know what their financial future looks like if they continue on this path. They also discover what their financial future could look like if they use lifestyle financial planning to secure their future.
It’s not about where you are, but where you want to be
Lifestyle financial planning requires a much more thorough and bespoke approach. We need to get to know you, where you are financially now, and where you want to be in the future. The better we understand your priorities the more we can tailor a plan to your specific needs. Whether you’re looking five or thirty years ahead, are an employee or a business owner, we can create an affordable and secure plan that will ensure you get to live the lifestyle you dream of.
To achieve this we need to honestly establish the answers to several questions, such as, what do you actually want to do in life? How will your expenses change over time? How much is enough for you to live how you want? Are there any perceived problems? What other considerations are present, such as your family set-up. We strongly believe that honesty is best policy, and a frank discussion is the only way to help you to achieve your goals. The answers to these questions will allow us to prudently look into the future and calculate how much you will need.
Lifestyle financial planning isn’t just about investments, they are simply the tools of the trade we use to paint the bigger picture of your future. This customer centric approach empowers people to take back control of their own financial situation. Regular updates allow you to stay on top of the situation and assess any changes required to keep your plan on course.
Lifestyle financial planning requires expertise and experience
With a clear image of your current situation and what you want to achieve, we can start to build an investment strategy that will get you there. We look at any current investments you have and identify any new financial resources that can help you achieve your lifestyle plan. Sometime a little fine-tuning is all that’s required; in other cases, a more comprehensive plan is necessary. Either way, you’ll sleep easier knowing you’re going to achieve the figures you need at the time you want. As well as a clearly defined investment strategy, we can help you to maximise tax advantages and ensure your family’s future is protected too.
Our broad range of experience makes us the ideal choice to review your current position, predict where it will take you, and then make any required adjustments if there is a shortfall between where you’re headed and where you want to end up. Our independent financial advice will help you to identify the best products and solutions for you, if any are required.
Regain control of your future
One of the most liberating parts of taking this longer-term holistic approach to your financial health is the amount of control it gives back to you. Having a detailed financial plan laid out in front of you provides peace of mind and makes it easier to accurately plan your future.
Parts of the process are similar to the service you would receive from a traditional independent financial planner. However, most people use a financial planner for a single specific purpose. The value of creating a detailed and bespoke plan cannot be underestimated. The level of coordination helps to gear every aspect of your financial existence towards achieving your goals.
Get help from the experts
Getting the right advice for your lifestyle financial planning in Ireland is not something you should put off or take lightly. The later you leave it the shorter period of time available to achieve your goals, which can mean you need to invest a higher amount over a shorter period to reap the desired rewards.
At Mason Wealth Management, we have over 20 years experience in assisting clients with all aspects of lifestyle financial planning, as well as pension and retirement advice and planning.
We will give you a realistic assessment of your situation while keeping the costs to a minimum. We offer a friendly service tailored to your specific needs. We want you to have a consistent regular income, while protecting your capital, and we can provide the right lifestyle financial planning and investment advice to achieve this.
For as much or as little information as you need, or if you just want to have a chat about your circumstances, call us on 01 969 5786. If you prefer, you can email us at [email protected] or complete our contact form and we will get in touch with you as soon as we can.
Don’t let yourself end up in the poverty trap when you finish working, lets get your financial planning sorted out today.
A Full List Of Our Services
At Mason Wealth Management we have been working with professionals in the pharmaceutical, medical, IT, business and financial sectors for over 20 years.
We pride ourselves on putting you first as our core approach. We have full faith in our process which has delivered successful outcomes for our clients time and time again.
We believe it is only through respect, a can-do attitude and being enthusiastic in our work that we can achieve life-long relationships with our clients.
Mason Wealth Management operate an open communication policy and our ongoing full-service financial planning includes:
- Pension and Retirement Planning
- Savings and Investment Advice
- Estate Planning and Inheritance
- Life Insurance
- Income Protection
- Critical Illness Cover
- Succession Planning for Business
One Final Note
We are currently giving away a book titled “Enough? How Much Money Do You Need For The Rest Of Your Life?” by Paul D. Armson.
The author, a financial advisor since 1982, brings you on a path to discovering exactly how much money you need to support a healthy and balanced lifestyle and the importance of making the most out of the time you have right now before it’s too late. We work closely with the author and are part of a Financial Planning group in the UK that share similar views.
We give a copy of this book to all our new clients and the feedback has been extremely positive. It is a 2 hours read and we promise you there are no numbers in it.