As demographic shifts reshape the composition of families, the challenges facing financial advisers are becoming increasingly complex. In the UK, the phenomenon of multi-retiree families is on the rise, with projections suggesting that by 2044, as many as 1.4 million families will have more than one generation retired. This demographic shift poses significant challenges for … Continue reading The Shifting Landscape of Financial Planning: Multi-Generational Retirement and Wealth Management
Tag: retirement-planning
Your Money or Your Life: Enjoy Wealth in Every Area of Your Retirement!
By Steve Conley, author of Your Money or Your Life: Unmask the highway robbers-Enjoy wealth in every area of your life Paperback – Illustrated, 6 Jun. 2019. Abstract This article challenges the predominant narrative promoted by financial institutions that emphasise financial preparedness as the cornerstone of retirement satisfaction. Empirical evidence from the National Bureau of Economic … Continue reading Your Money or Your Life: Enjoy Wealth in Every Area of Your Retirement!
Bridging the Financial Advice Gap: A Holistic Approach Beyond Traditional Savings
"Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid." - Albert Einstein. In a world where financial advice is often synonymous with asset accumulation, a glaring disparity remains starkly evident: the financial advice gap. This chasm … Continue reading Bridging the Financial Advice Gap: A Holistic Approach Beyond Traditional Savings
Empowering Retirement: The Essential Shift from Financial Advice to Financial Planning
In recent years, the narrative surrounding retirement planning has been heavily shaped by the insurance industry, with a strong emphasis on the need for long-term savings, investments, and insurance products. Market research often projects this perspective, aiming to guide consumer behaviour towards more traditional financial advice. However, a disconnect persists between what retirees truly seek … Continue reading Empowering Retirement: The Essential Shift from Financial Advice to Financial Planning
Reimagining Retirement: Challenging Fear-Based Financial Narratives
A recent Canada Life survey reveals a stark reality: 49% of Brits under the age of 66 anticipate working beyond the State pension age. The reasons are as concerning as they are common: insufficient pensions, rising cost of living fears, and anxiety about outliving their savings. Moreover, there's a palpable worry about the health impacts … Continue reading Reimagining Retirement: Challenging Fear-Based Financial Narratives
Holistic Financial Planning: The New Paradigm in Personal Wealth Management
In a rapidly changing financial landscape, the traditional methods of planning are being overtaken by a more comprehensive approach known as holistic financial planning. Unlike conventional strategies that primarily focus on financial assets, holistic planning considers the entire spectrum of an individual's tangible and intangible assets. It's a philosophy that integrates the facets of mind, … Continue reading Holistic Financial Planning: The New Paradigm in Personal Wealth Management
Redefining Retirement: Embracing a Holistic Approach to Financial Resilience
Shifting the Focus: From Enriching Bankers to Fostering Sustainable Livelihoods for All In recent discussions within the financial sector, see FT Adviser 'Retirement needs to be considered in the wider picture of financial resilience', a prevalent narrative pushed by many bankers and supported implicitly by governmental actions is the utilisation of pension funds to bolster … Continue reading Redefining Retirement: Embracing a Holistic Approach to Financial Resilience
Bridging the Real Retirement Gap: A Blueprint for Sustainable Livelihoods
In the UK, an alarming trend is emerging among those nearing retirement. Nearly 1.2 million adults aged 60 to 65 are entrenched in poverty, marking the highest poverty rate for any adult age group. This demographic is caught in a precarious 'cash flow valley'—a period too young for state pensions but often too old to … Continue reading Bridging the Real Retirement Gap: A Blueprint for Sustainable Livelihoods
Introducing the Game Plan: A New Paradigm in Financial Planning for Millennials
In an era marked by rapid societal and economic shifts, traditional financial planning is undergoing a fundamental transformation. The burgeoning millennial demographic, increasingly embracing entrepreneurial ventures and eschewing conventional employment models, demands a novel approach to financial management. This generation does not just seek to manage money earned from salaried jobs; they aim to integrate … Continue reading Introducing the Game Plan: A New Paradigm in Financial Planning for Millennials
Is 75 the New Normal Retirement Age?
As people live longer and the cost of living continues to rise, the traditional retirement age of 65 is becoming increasingly unrealistic for many. With inflation remaining stubbornly high and the preference for drawdowns over annuity purchases, there's a real risk of outliving our capital. This changing landscape requires a re-evaluation of what we consider … Continue reading Is 75 the New Normal Retirement Age?
Academy of Life Planning 