As young families grow, withdrawals from the ‘Bank of Mum and Dad’ can switch from childcare costs and the latest gadgets to university fees and help with mortgage deposits in what seems like the blink of an eye.
At the same time, many of us take on additional caring responsibilities for our own parents and may be helping to finance their care or other support.
It’s all too easy while navigating this ‘messy middle’, when we’re no longer just starting out but not yet actively planning our retirement, to lose focus on planning for our own financial future.
But working with a professional to make and regularly review personal financial plans at this stage of life can pay dividends in the future.
Now is the time to ensure you have the best possible deals on your mortgage, life insurance and other protection policies. It’s also wise to make sure you’re
contributing as much as you comfortably can to your retirement savings and finding and rectifying any gaps in your National Insurance contributions which will affect your State Pension eligibility. Ensuring the best possible returns on your savings and investments at this age will help you build both an emergency fund and that all important retirement fund.
Whatever your financial goals and circumstances, our expert team can guide you through step by step. Often, we’ll be able to do the leg work for you, and when we can’t, we’ll be with you throughout the process to help you liaise directly with your providers.
We’re here to eliminate the hassle of keeping on top of your finances. For everything else, there’s the Bank of Mum and Dad.
Contact us today for a free no-obligation consultation on how we can help you navigate the messy middle.
McCrea Financial Services is Authorised and Regulated by the Financial Conduct Authority. The value of investments and the income derived from them may go down as well as up.