Is financial advice worth it in your 40s?

"Every single person in the country needs financial advice, they just don't know that they need it yet. With the removal of gold-plated final salary pensions for most people, it is more and more down to the individual to make their own decisions. And these are big decisions. How much will I need to retire? What should I be putting away now? In what funds should I be investing and what tax wrappers are best? All of these are very important questions that everyone in their 40s should be asking themselves. Even if you're in your 40s, you still have time to rectify things if you have let them drift for too long." I can supply a case study as well if required

"If you are in your 40s and have not started Financial Planning, it is not too late. But don't leave it much longer! Ideally you should have built up a decent sized pension pot from 10-20 years of your working life. You should have protection in place to cover you/your family in the event of bad surprises. You should know what steps you need to take to achieve your financial goals. If not, it is never too late. Try and put away 20% (yes 20%) of your income if you have no pension so far. https://topfs.co.uk/who-we-work-with/in-your-40s-50s/" Let me know if you need more

Reaching your 40s is a super time to begin working with a finance professional. It's the decade when careers become well established, earnings capacity approaches peak levels and thoughts turn vaguely towards retirement. Battling alongside these positive aspects are the challenges and costs of raising a family, the squeeze on leisure time and possibly caring for parents. The 'sandwich generation' can often enjoy good levels of income, but can feel time poor and may even begin to questions their career direction and purpose in life. In this age group, it's common to find that people begin to ponder retirement, yet have little idea of what pension provision they have. It's a great time to take stock and find out exactly what position you're in. By now, you should have made some significant progress towards financial independence. Although, if you're not on track for your preferred future lifestyle, there is still time to catch up. Accelerating mortgage repayments, boosting pension contributions, maximising career potential and making lifestyle adjustments are all up for discussion. It's also important to review good financial housekeeping around this time. Adequate life insurance, income protection and health insurance may be important and everyone should have an emergency fund, a will and ideally, a Power of Attorney. For some, it can be a time of deep reflection leading to a significant life transition. As we move into the second half of working life, a complete change in career or even self-employment can become appealing. These big decisions can be held back around fears of financial stability. Working with a financial planner or a financial coach can explore options for the future and test the affordability of a change in direction. Whether it's achieving financial stability or beginning a more transformational journey, financial coaching, planning or advice can present a superb investment for those in their 40s. (I have clients who could provide case studies and photos, if required)