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5 practical ways you could keep your child’s retirement on track - The Orchard Practice
Two-thirds of people believe younger generations won’t be able to retire in their 60s. If you’re worried about your child or grandchild’s long-term financial security, discover some of the practical steps you may choose to take.
Research: The perils of chasing stock market “winners” - The Orchard Practice
The top-performing stocks of one year rarely deliver the same performance the following year, research suggests. The findings highlight how chasing after “winners” when investing could be harmful and potentially deliver lower returns.
4 positive mindset changes that could boost your finances - The Orchard Practice
Your mindset can alter the financial decisions you make and how you feel about money. So, encouraging a positive mindset could help you take control of and boost your finances. Discover four practical approaches you could take.
The pros and cons of choosing joint life insurance - The Orchard Practice
Life insurance could provide your loved ones with a valuable safety net should you pass away. If you and your partner are considering whether financial protection is right for you, weighing up the pros and cons of joint life insurance could be useful.
The common credit report mistakes that could affect your mortgage application - The Orchard Practice
Around 1 in 3 people who have checked their credit report in the last five years found a mistake. Errors could affect your ability to access credit, including a mortgage. So, discover the common mistakes you might want to watch out for.
The pensions basics you need to know as a self-employed worker - The Orchard Practice
As a self-employed worker, you’re responsible for opening a pension and managing your contributions. It’s a task that many overlook because they aren’t sure where to start or don’t recognise the benefits of saving into a pension. Discover the essentials you need to know.
5 smart reasons why retirement planning should start in your 30s and 40s - The Orchard Practice
Just 5% of Brits aged between 35 and 44 have taken financial advice to help them prepare for retirement. While the milestone can seem a long way off in your 30s and 40s, planning now could be valuable and lead to greater financial freedom later in life.
10 financial tasks to complete this year to head into 2025 feeling confident - The Orchard Practice
The end of the year is the perfect time to tick off some of the financial tasks you might have been putting off. Completing these 10 jobs could help you start 2025 feeling confident about your finances.
3 insightful pieces of data that could help you remain calm during market volatility - The Orchard Practice
If investment market volatility makes you feel nervous, it could lead to you making decisions that don’t align with your long-term financial plan. These three pieces of data demonstrate why taking a long-term view and remaining calm is often the best course of action.
Could a financial plan give you the confidence to retire sooner? - The Orchard Practice
Taking the plunge and retiring can be daunting. After all, it could represent a huge change to your lifestyle. If nerves are holding you back, setting out your retirement goals as part of your financial plan could give you the confidence boost you need.
Why inflation solutions should remain part of your long-term financial plan - The Orchard Practice
The rate of inflation has stabilised and is near the Bank of England’s 2% target. Yet, inflation solutions are still likely to be an important part of your long-term financial plan, and overlooking it could mean you face a shortfall.
5 reassuring ways a financial plan could help you deal with life’s scares - The Orchard Practice
It’s not just the ghouls and ghosts of Halloween that are scary – daily life, especially unexpected events, could be just as frightful. Having a financial plan may reassure you the next time you encounter one of life’s scares.
5 practical questions to consider when you’re naming a Lasting Power of Attorney - The Orchard Practice
A Lasting Power of Attorney (LPA) has the power to make decisions on your behalf if you’re unable to. So, choosing the right person for the role is essential. Read some of the key questions you might want to consider when naming an LPA.
How “lifestyle financial planning” could help you reach your goals - The Orchard Practice
Effectively managing your finances to get the most out of your assets often means going beyond paying into a pension regularly or selecting a fund to invest through. Lifestyle financial planning could help you better align your finances with your aspirations.
Want to support your children through university? Here’s what you may want to consider - The Orchard Practice
If your child is going to university this year, you might worry about them taking out a student loan and be considering alternatives. Yet, regular financial support to help pay for living costs could be more useful. Find out why you may want to make it part of your financial plan.
Inheritance Tax: 5 shrewd strategies for reducing a potential bill - The Orchard Practice
If your estate could be liable for Inheritance Tax, there might be some steps you could take to reduce or mitigate a potential bill. Discover some of the shrewd strategies that could help you pass on more of your wealth to loved ones.
Inheritance Tax: The basics you need to know about the “death tax” - The Orchard Practice
Inheritance Tax could reduce the wealth you leave for your family when you pass away. Around 4% of estates are liable for the tax. If you’re unsure whether your estate could be affected, discover the thresholds and allowances you need to know about.
How to boost your composure and reduce investing FOMO - The Orchard Practice
A fear of missing out (FOMO) may drive investment decisions that could increase how much risk you’re exposed to. Finding ways to maintain your composure is often an important investment skill. Discover some of the steps that could help you avoid acting based on investing FOMO.
3 fundamental questions to answer if you’re investing for children - The Orchard Practice
Investing on behalf of your child or grandchild could provide them with a financial head start when they reach adulthood. If you hope to build a nest egg, some fundamental questions could help you get more out of your assets.
Why taking your pension as a lump sum could leave you with a huge tax bill - The Orchard Practice
Making a lump sum withdrawal from your pension could provide you with greater financial freedom. However, if you’re not aware of Income Tax thresholds, it could also leave you with a sizeable and unexpected tax bill.
4 unpredictable life events that could mean you’d benefit from a financial review - The Orchard Practice
Unpredictable life events can knock even carefully laid plans off course. So, carrying out a financial review after events like redundancy or a relationship breaking down could help you update your plan, so it continues to reflect your circumstances and goals.
Could “lifestyle creep” affect your retirement plans? - The Orchard Practice
When your income rises, it’s easy for your expenses to creep up too. While indulging in some luxuries is a great way to celebrate a pay rise or promotion, you might want to consider the effect it could have on your long-term plans, including retirement.
78% of retirees could be missing out on investment returns by accessing their pension early - The Orchard Practice
More than three-quarters of people over the age of 55 have withdrawn some money from their pension before they retire. While it could afford you more flexibility now, it might also mean you miss out on long-term investment returns. Find out how accessing your pension early could affect your retirement.
How “time travelling” as part of your financial plan could help you secure your goals - The Orchard Practice
A chance to take a glimpse into the future could help you make better financial decisions that support your long-term goals. The good news is you don’t need a DeLorean to “time travel”; a financial plan could help you see the potential outcome of your decisions too.
3 fun ways you can pass on essential money lessons to children - The Orchard Practice
Getting children excited about their finances can be a challenge, and 96% of parents believe learning about money is important. Make your life a little easier by learning three fun ways to pass on essential money lessons.
The value of financial planning: How it could help you achieve your aspirations - The Orchard Practice
One of the key benefits of a tailored financial plan is that it could help you reach your goals, whether you want to retire early or see more of the world. Find out how working with a financial planner could help you make decisions that align with your aspirations.
The fantastic benefits of basing your financial plan on happiness - The Orchard Practice
When you think about what you want your future to look like, it’s probably the experiences that come to mind, rather than wealth. So, putting your happiness at the centre of your financial plan could help you achieve the lifestyle you want.
Why mental shortcuts could harm your financial decision-making skills - The Orchard Practice
Mental shortcuts, known as “heuristics”, are essential for making subconscious decisions. Yet, they could be harmful when you’re making important decisions and allow bias to affect your judgement. Discover four cognitive biases and how they may affect you.
Uncertainty drives record numbers to take out income protection. Here’s what you need to know - The Orchard Practice
Driven by economic uncertainty, record numbers of households have taken out income protection to improve their financial resilience. Read this article to find out how income protection works and whether it could complement your financial plan.
The value of financial planning: The intangible benefits that could boost your wellbeing - The Orchard Practice
Consider the benefits of working with a financial planner. If the first advantage that comes to mind is the opportunity to grow your wealth, you might be overlooking some of the intangible benefits that could improve your wellbeing. Discover the non-financial benefits of financial planning.