{"id":22253,"date":"2024-02-13T12:53:13","date_gmt":"2024-02-13T12:53:13","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=22253"},"modified":"2024-02-13T12:53:43","modified_gmt":"2024-02-13T12:53:43","slug":"time-for-a-midlife-mot","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2024\/02\/13\/time-for-a-midlife-mot\/","title":{"rendered":"Time for a midlife MOT?"},"content":{"rendered":"
\n

Just to be clear, we\u2019re not talking about your physical health here (that\u2019s the doctor\u2019s remit). We\u2019re talking about a check-up to assess your financial wellbeing.<\/strong> <\/p>\n<\/div>\n\n

\n

And we\u2019re asking because nearly one in six people aged between 45 and 54 are now making significant financial sacrifices to ensure their pension pots are up to scratch for retirement1<\/sup>. At the same time, they are still juggling a multitude of other financial responsibilities, including childcare and mortgages, at a time when cost of living pressures persist. <\/p>\n<\/div>\n\n

\n

Just like you\u2019d go to the doctor for a check-up if you were feeling a bit run down, a financial MOT could be just what you need at this crucial time in your life to ensure your finances are working for you. <\/p>\n<\/div>\n\n

\n

Here are some key aspects to think about: <\/p>\n<\/div>\n\n

\n
    \n
  1. Retirement planning<\/strong> \u2013 as you approach retirement, now is the time to take stock of your pension savings to ensure you\u2019re on track for your goals <\/li>\n<\/div><\/ol>\n<\/div>\n\n
    \n
      \n
    1. Protection<\/strong> \u2013 your health needs can change as you get older, so a review of your protection cover could be a good idea to ensure you and your family are properly protected <\/li>\n<\/div><\/ol>\n<\/div>\n\n
      \n
        \n
      1. Debt management<\/strong> \u2013 a review can help you assess your current debts and work out how to best pay them off <\/li>\n<\/div><\/ol>\n<\/div>\n\n
        \n
          \n
        1. Investments<\/strong> \u2013 are your investments working for you? Can your portfolio be rebalanced to better align with your risk profile and long-term financial objectives? <\/li>\n<\/div><\/ol>\n<\/div>\n\n
          \n
            \n
          1. Estate planning<\/strong> \u2013 now is also an excellent time to review your long-term plans for passing your wealth onto the next generation and to make a Will and Lasting Power of Attorney (LPA). <\/li>\n<\/div><\/ol>\n<\/div>\n\n
            \n

            Here to help<\/strong> <\/p>\n<\/div>\n\n

            \n

            If a midlife MOT sounds like it might benefit you, then please do give us a call \u2013 we\u2019re on hand to help you review each aspect of your finances and develop a comprehensive financial plan. <\/p>\n<\/div>\n\n

            \n

            1<\/sup>Phoenix Group, 2023 <\/p>\n<\/div>\n\n

            \n

            The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. The Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planning.<\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

            Just to be clear, we\u2019re not talking about your physical health here (that\u2019s the doctor\u2019s remit). We\u2019re talking about a check-up to assess your financial wellbeing.  And we\u2019re asking because nearly one in six people aged between 45 and 54 are now making significant financial sacrifices to ensure their pension pots are up to scratch […]<\/p>\n","protected":false},"author":4,"featured_media":22254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/22253"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=22253"}],"version-history":[{"count":4,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/22253\/revisions"}],"predecessor-version":[{"id":22258,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/22253\/revisions\/22258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/22254"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=22253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=22253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=22253"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=22253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}