+44(0) 1704 514 000 info@optasia.co.uk

Age 30 to 55

Wealth building Stage

Have a Strategy

You are at the wealth building stage. Creating a financial strategy by using an Income/ Cashflow Planning tool will provide both purpose and focus to make future planning worthwhile.

This is the stage where your income is increasing but so has your lifestyle and along with it, your responsibilities.

You are more likely to be concerned about your family and children because you have debts in the form of a mortgage and/or a car loan. At this stage, you should look at saving every extra pound you have earned for you and your children’s future.

Investing every pound saved and reducing your mortgage will maximise your ability to accumulate savings long term.

We would recommend you increase your family protection cover if required. Take adequate health insurance to cover yourself and the family from that unexpected risk – Any unforeseen incident can snatch away the lifestyle your family has become accustomed to.

Contribute the maximum to your retirement products such as personal pensions or employer pensions. Keep your investments in growth assets that aim to deliver maximum returns in the long term and re-evaluate your strategies regularly, if required.

With a financial planner, you get an objective professional to help you through budgeting, investing and setting financial goals. He or she can help you research employee benefits and make sure you’re not duplicating your efforts. Contact us here.

Disclaimer: The value of investments and any income from them can fall as well as rise. You may not get back the amount originally invested.