Planning for care in later life
70% of the personal wealth is owned by those aged over 55, and their needs are changing as they get older and live longer. Increasingly clients are asking us if they have enough capital and income not just to enjoy retirement, but to cope with the escalating costs of later-life care.
With so much uncertainty surrounding these later life issues, it’s important to have the right specialist advice, whether it’s to help navigate the complex and sometimes daunting issues of care costs and choosing a care home.
Our 6-stage Process to Personal Financial Planning
We use a 6-stage process for our Personal Financial Planning services. To understand what’s involved at each stage, take a look at our podcast series opening up each step of the financial planning process.
Stage One
We take the time to get to know you, to understand the ‘what’ and ‘why’ of your financial goals. (Cassandra observes strict confidentiality in the handling of your data)
Stage Two
We establish and collate all the information we need to gain a thorough current position of your current assets and liabilities
Stage Three
We thoroughly analyze your circumstances to identify the possibilities and opportunities but also the potential pitfalls that may lie ahead
Stage Four
We create a clear plan to help you achieve your aspirations and goals.
Stage Five
We’ll put your personalized plan into action.
Stage Six
We’ll then make sure to track your progress and to consistently monitor and review. We'll be as involved as you’d like us to be in the management of your plan and are happy to work within your timeframe.