Page 45 - Phonebox Magazine April 2013

For most home owners the three biggest assets they will have are their house, their pension and their car. Typically, the value of the first two will be considerably more than the last by the time they reach retirement. For many higher earners and for those with long service in public sector pensions, it will be these pensions that are the most valuable asset and, in some cases, by some distance.
But how much attention, time and money is spent on looking after these three assets?
Firstly, let us consider your home. Choosing your home can take weeks but sometimes it can take months or even years to settle on the right one. When you do, there will usually be several thousand pounds worth of costs involved in the move. Once in the home, you will pay insurance to safeguard the building and its contents. You will spend time and money painting, decorating and generally looking after it. Occasionally you will spend considerable sums on updating the bathroom or kitchen.
Next – how about your car? In all likelihood, you will take less time
choosing this but you will still put some effort in, including test drives. Once you own the car you will pay to insure it, you will have it regularly serviced and if it gets a dent or a scratch you will probably pay to have it repaired. When your insurance comes up for renewal you will possibly spend some time looking around the market to try and get the best deal for the following year. You will also take time out to clean the car, to ensure it stays looking clean and shiny.
Your pension – how much time and money do you spend on ensuring the asset that you are going to rely on in retirement to provide an income for the rest of your life, is in place to maximise and deliver just that?
If you would like to discuss or review your current pension arrangements or your general retirement planning, then please call us. Remember, initial meetings are free and we are happy to come to see you in the comfort of your own home. See our advert below.
Finance Matters
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...that if you had invested £1,000 in the best performing IMA Investment Fund at the beginning of 2012 it would have been worth £1,443 by the year end but if you had chosen the worst, it would have been worth just £570?
This is a clear indication of the importance of selecting the most suitable funds and the need for diversification.
Advison can help you construct a portfolio of investments that take into account your aims, attitude to risk and timescales. Why not contact us today for a free initial meeting. Remember, initial meetings are always without cost or obligation.
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Speak to Advison
Call us now on 01908 285690
Advison specialises in Investments, Retirement Planning and Protection. We offer a return to the traditional values that only a smaller company can offer, a service we find is appreciated by the more discerning client.
Having restructured my finances with Advison, my family is now in a far better financial position than I envisaged was possible prior to seeing them.
Mrs M. Buckinghamshire
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www.advison.co.uk
If you choose to proceed on a fee basis, our typical hourly fee is £150.
Advison Ltd is an appointed representative of IN Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Services Authority. Registered (England) No. 5009271
Phonebox Magazine 45