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Will you need a financial advisor in 2020?

As the years pass by, the need to ensure we are well prepared for later in life looms increasingly larger. Whether you’re investing, paying into a pension, or just saving money, starting young makes everything easier. However, when we’re young is the time we are least likely to worry about our future financial health. Thankfully, there are plenty of options for people of all ages to maximise their finances.

There is a common misconception that you only need a financial advisor when you’re wealthy, need insurance or a mortgage. The truth is that a financial advisor can help you at any stage of your life. You do not need to be investing tens of thousands of euros to build a plan for your future. They can create a clear map you can follow to ensure the lifestyle you want becomes a reality.

Do you know how much value a financial advisor could add to your future in 2020?

A good financial advisor is primarily concerned with helping you to grow your wealth and ensure your finances are secure. A good financial advisor will also add value to your life in other ways, such as helping you to identify and achieve tangible goals throughout your life. They can help you with short, medium, and long-term planning to provide a balance that suits your budget, lifestyle, and aims.

There are a variety of options for people at all stages of life. The relevance of each one will depend on your own circumstances, but these are the main tools at our disposal. Our range of financial advisor services has grown to include:

  • Protecting your income
  • Advice for savings and investments
  • Life insurance
  • Critical illness cover
  • Retirement and pension planning
  • Business succession planning
  • Inheritance and estate planning

While this is all to do with money, the reasons are far more human. Many of our clients are long standing, and we take it very personally to ensure they remain secure in their lives. We understand our clients have dreams and goals and want to make as many of them a reality as possible. We achieve this by helping them to identify the life they want and creating a realistic route to achieve it. This can include every aspect of life, from planning for a yearly holiday to ensuring you get the type of retirement you want.

The advantages of partnering with a financial advisor in 2020

As regulated independent financial advisors, Mason Wealth Management value the relationships they build with clients. After all, we can only succeed if you do. We have the experience to tailor our approach to each individual and believe the benefits of using our services are substantial. Here are just a few of the reasons so many of our customers end up partnering with us for many years.

Our advice is just for you

As experienced independent financial advisors, we have the flexibility to ensure you are always getting the best solution for your specific needs. We are not tied to one family of products and can select products based on performance. This ability to mix and match products from different places helps us to ensure you’re always maximising your future wealth.

The benefits of this level of flexibility also allow us to deal effectively with a much broader range of people, ensuring as many as possible achieve the lifestyle they want. Even clients that only have a small budget for their planning know we are keeping their money safe while making it work as hard as possible for them.

We are always here for you

When you visit Mason Wealth Management to start your journey to financial freedom, you’re dealing with the owners who have built the business from the ground up. This means every outcome is personally important to us, and we won’t be transferred or promoted or pass you on to colleagues. Once you become our client, we will work with you to understand your goals and build a closer more beneficial long-term relationship.

Our strong relationships with our clients means we have a strong sense of accountability and will always go the extra mile to ensure the best outcome for you. We also won’t just sell you some products then leave you to just plod along. We regularly review the performance of all products our clients are using. This helps us to ensure everything is on track and assess whether a better option has become available to you. If your goals change, then we can adapt our strategy accordingly.

A great awareness of the market and what’s possible

We’ve been helping the people of Ireland look after their finances since 1998, and we’re proud of the way our business has continued to grow through recommendations and good solid advice. Independent financial advisors deal with a broad range of products, people, and businesses, so we have a fantastic overview of the whole market, making us perfectly placed to advise you on the best way to achieve the lifestyle you want.

Could you survive on a state pension?

Most people couldn’t live comfortably on a state pension alone. It is possible to survive on approximately one thousand euros per month, but it requires lots of budgeting and cost cutting. A private pension is a great way to add more money to your monthly budget. However, not everybody is eligible to set up a private pension scheme. If you’re in non-pensionable employment or are self-employed, then you can start a private pension.

There are also different options open to you if you are eligible to start a private pension. Most people will already be aware of personal pension plans, where you pay a fixed monthly amount into a fund that’s managed by a pension provider or investment firm. However, you can also look at a PRSA (Personal Retirement Savings Account). These tend to be a good option for a variety of scenarios as they are more flexible.

Contact your financial advisor for 2020

We regularly help people with a variety of needs, from modest investments to complex succession planning. We are committed to transparency at every stage, and we’re always happy to answer your questions and provide guidance. Call us on 01-9695786 or send an e-mail to info@masonwealth.ie.