Financial needs and goals change at every stage of our life. An individual in their thirties
will tend to have a different outlook than someone in their fifties. By opting for the right
investment plan at an early age, we can ensure financial security at all stages of life.
Financial planning can help in various moments of our life. Some of these may be:
These are the carefree years when earning is for fun and enjoyment and paying off any
loans. At this time, hardly any thought is given to the future or retirement.
However, beginning an investment plan at this age, no matter how small, can offer you
enormous benefits in the future.
To know the right plan to start your financial planning , without burdening yourself,
connect with Rafiya today.
Life's Stages: aged between 30-40
This is often the period of change and settling down. Expenses may include buying a
house, getting married, buying a car and several others.
Careful planning and budgeting is crucial at this stage to ensure you don’t spend more
than you are comfortable with. At the same time, it is advisable to set some money apart
for your future.
Dealing with all these aspects can seem difficult and even impossible. However, with
Rafiya at the help you can be assured of navigating through all these demands in a
seamless manner while also planning for your future.
Life's Stages: aged between 40-50
This the period of growth! While you are likely to be earning more, chances are the
increases expenses leave lesser room for saving.
Growing children, increased mortgages, enhanced requirements- all of these can take up
a majority of your earnings.
At this stage, Rafiya can help evaluate your expenses, goals and future outlook to
customise a plan suitable for you.
A disciplined saving plan, and the right amount set aside now can be a massive boon for
you and your family in your retirement years.
In addition, she can also help you put a plan in place, in case you don’t already have one,
of protecting your family in case of any unfortunate incident.
Life's Stages: Pre-Retirement
In case you are looking to leave your job and stop your monthly income, financial
planning will be critical. At this stage, you will need to consider several important
factors including your spending, savings and other choices.
In addition, in case you have any outstanding obligations such as debt or mortgages, it
will be crucial to plan for their payment now.
To know how financially secure you are to retire, what are your beneficial choices right
now and how to phase your requirement in a beneficial manner, connect with Rafiya
Life's Stages: Post-Retirement
Retirement brings with it a whole new set of opportunities. Making the most of these is
easier when you have a well-established retirement plan.
To continue enjoying your life comfortably and making the most of this time, it is
important to revisit your financial plan.
Not only will you be able to determine your pension and monthly requirements, but it is
also a good time for planning your Will.
Decisions regarding your estate, business and other considerations for your spouse and
children can be taken at this time to prevent problems at a later stage.
To ensure your years of hard work are not wasted, reviewing your financial plan with
Rafiya as well as putting things into motion for when you no longer alive can be of
massive help for your loved ones.
Connect with me today to discuss your future over a cup of coffee!
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