Questions for your Financial Planning Journey

Below are some key financial considerations based on your age group. Should you require assistance in addressing them, feel free to reach out to schedule a meeting for further discussion.

In Your 20s and 30s

• • • How can I gain confidence and knowledge in investing?
    • What portion of my income should I allocate to my employer's retirement plan for future security?
    • Should I keep separate finances from my spouse if we marry?
    • Can I afford to temporarily be a stay-at-home parent, and what are the potential impacts on my career and financial future?

During your 20s and 30s, saving for retirement is crucial. Starting early allows your investments more time to grow through compounding interest, a key factor in securing a comfortable retirement.

In Your 40s and 50s

• • • At this stage of my financial life, I think I could benefit from working with a financial adviser. How do I find a trustworthy financial adviser?
    • How can I balance saving for my child's education with my own retirement savings?
    • What financial steps should I take if my marriage is uncertain?
    • How can I support my aging parents without compromising my own financial stability?

During your 40s and 50s, life is racing ahead, both personally and professionally. You may be married, raising a family, managing household finances, saving for university tuition, paying a mortgage, and maintaining a demanding career. So how can you best plan for potential needs later in life and take advantage of opportunities to advance your progress toward your life goals? 

In Your 60s & Beyond

• • • Could continuing to work beyond the traditional retirement age benefit me financially?
    • When should I apply to receive my state pension? 
    • How should I consider future healthcare costs in retirement planning?
    • What steps should I take if my partner passes away?
    • How can I ensure financial security as I navigate life alone?

At this stage, perhaps you’re eyeing retirement, exploring the world, spending time with grandchildren, pursuing hobbies, starting your own small business, or getting involved in philanthropic endeavours that help you give back and find meaning.

The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.