Business owners spend years, sometimes decades, building their business. Yet when it comes to selling their business, many often do it without any real thought about what they really need and the effect upon them and their family. The day-to-day pressures of running a business often means that personal financial planning drops to the bottom
On average, in retirement, most households spend around £2,110 per month. Many people overestimate how much they will need in retirement by assuming they will spend the same as they currently earn. This is because they fail to appreciate the reduction in expenses that comes as you get older. The mortgage is often nearly paid,
National Savings and Investments (NS&I) announced at the end of September that they would be drastically cutting their interest rates to as low as 0.01% per annum. This has left many cash savers scrambling to the private banks still offering accounts rates above 1%. However, with the river of new money in the form of
The age that savers will be able to access their pensions will rise from 55 to 57 in 2028. The Government wants to delay the age savers can access their private pensions to keep it in line with the state pension age, which is also scheduled to rise to 67 in 2028. The logic behind
This year is definitely like no other – for all the wrong reasons. But this period of isolation is giving us the time and space to organise ourselves. It is also a time for contemplation. As we enter another three weeks of lockdown, people are starting to focus on what we are gaining by being
Children are expensive. It’s not a secret and never has been, with the average child costing nearly £250,000 from birth to their 18th birthday. Their wants and needs are satisfied more inexpensively when young. But when they get to their late teens and early twenties those ‘must-haves’ – the first car, the University education and
Every year, the average person spends over 100 hours commuting to and from work, 2,500 hours at work and, believe it or not, travelling 8 miles a year on an office chair. The reason that these statistics are so important, is that so many people are concerned with when they are financially independent and can
Investment charges are an inevitable consequence of holding any investment. However, it is important to realise that any costs reduce growth. Active managers aim to justify their fees by outperforming the relevant benchmark or providing a specialist approach. Passive or tracker funds simply track their relevant index. Index tracker funds have been designed to be
There was nothing passive about the father of passive index investing, Jack Bogle. He was the founder of Vanguard and the creator of the first tracker fund, who profoundly changed the fund industry and investing. In 1976, Bogle and Vanguard launched the fund now known as the Vanguard 500 Index, which was borne out of
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