2016 – What a Year!

2016 - What will 2017 bring?What a year 2016 was!

2016 brought us surprises including Brexit, Trump and a new UK Prime Minister, I wonder what’s in store for us in 2017?

I like to think that every new year is a new start, where you can put the past behind you. It’s also a good time to reflect on any learning from the good times and bad times you’ve experienced.

I remember being told that, if you are not happy with the way things are going, you need to make changes and move forward in a new direction. The new year is also an important time to take stock and look at your finances.

Cashflow modelling

Have you ever sat back and drawn a timeline of your life, plotting when you intend to retire and all the expenditure you have planned along the way? If yes, you can then calculate the amount of finance you’ll need to achieve these goals.

We call this exercise ‘cashflow modelling’, and often do it with our clients. They find it especially useful when they have major lifestyle changes ahead. One of the main fears is that they won’t have enough funds in place when they need them. The modelling process gives them peace of mind, as they can see what they can afford, and work out what steps they need to take. It therefore helps eliminate those sleepless nights when your brain is working overtime, trying to analyse how you can achieve what you want.

Sounding board

I often find myself inviting people to use me as their ‘sounding board’. Many of my clients have sophisticated financial knowledge but see the virtue of talking about their financial situation to an independent professional.

If it’s been a while since you’ve seen an Independent Financial Adviser (or if you never have), why not give us a call and arrange a financial MOT?

We look forward to helping you review 2016 and plan for 2017 and beyond.

Allowances, limits and thresholds correct at the time of writing, but are subject to change in the future. Please confirm the current position before taking any action


Please leave some feedback on this item

You must be logged in to post a comment.