Financial Stages of life
We understand that financial priorities and goals shift as individuals journey through life. During the early career stage, building a strong financial foundation is key. As individuals start families, saving for children's education and protecting loved ones become top priorities.
In mid-career, retirement savings should remain a focus. Finally, during retirement, maintaining wealth and generating income are vital. Our personalized guidance and expert advice can help you navigate each stage successfully and achieve your financial goals.
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In your mid-30s to early 60s your financial circumstances and priorities are likely to change.
As you settle into your career, or even change course, you may enjoy promotions that bring a higher salary and bonuses.
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The early years—In your 20s and early 30s—you gain financial independence as your working life begins.
A lot of people in their 20s have yet to learn about their spending habits, credit cards, and student debt. 53% of students feel the least prepared to manage their money, and poor financial literacy tends to continue into a person’s mid to late 20s, affecting their wealth, long-term goals, and standard of living.
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In your late 60’s onwards, your financial needs will change further
You may wish to retire fully, or carry on working in a reduced capacity. Your children may have left home, meaning that you are considering ‘downsizing’ to a smaller home to release some equity. You may even have paid off your mortgage in full meaning that your outgoings are significantly less.
Expert planning Process
Financial planning may be complex, but it doesn’t have to be difficult. We’re committed to ensuring you feel comfortable, informed and supported at each stage of your financial planning journey.
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You’ll begin by discussing with your adviser your specific financial needs and goals. You will most probably work with a good adviser for a number of years it is important you have confidence in your chosen adviser. We are completely transparent on any fees and charges and there is no cost to your initial meeting.
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When it comes to your money and your plans, it can be hard to balance short-term wants, long-term dreams, and those unexpected events that out of your control.
With your goals in mind, your adviser can explore your options and discuss the next steps.
We will discuss things like:
Setting financial goals.
Creating a budget.
Planning for taxes.
Building an emergency fund.
Managing debt.
Protect with insurance.
Planning for retirement.
No matter what your financial situation looks like, you can make some positive changes. The key is to get started. Because these first few steps could be the beginning of a very different future.
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Once you’re happy with the recommendations your adviser has made, we will implement your plan.
You will get access to your client portal, where you can monitor your investments and transactions.
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An ongoing service provided by a qualified adviser including the offer of an annual review and help to ensure your financial plans remain on track.
An annual review of your financial plan, more frequently if your circumstances change.
The value of investments can fall as well as rise and you may not get back the amount originally invested.
““Retirement planning is not a one-time event; it’s an ongoing process.””
Book at your convenience, schedule a free 20 minute no commitment initial chat with our financial adviser today
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If you’d like a free, no-obligation chat with a Patrick Wayne Wealth adviser to discuss your particular financial needs.
Our Services
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Financial Advice
Look at your personal circumstances and your financial plans and recommend products to help you meet your needs
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Mortgages
We make mortgages easier, whether you're remortgaging, buying your first home or buying to let. Discover the process of applying for a mortgage here.
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Pensions
Advice on everything related to pensions and retirement. Explore our guidance on types of pensions, building your pension pot, and more.
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Investing
Discover how we can help you build a personalised fine art portfolio. Find out why fine art can help create a balanced and diversified portfolio
Use our booking calendar if you’d like a free, no-obligation consultation with a Patrick Wayne wealth adviser to discuss your particular financial needs.
