Why you need a financial plan

From a financial planning point of view, most people face four or five common risks. They are:

·         Dying too soon and leaving debt or dependents

·         Living too long (insufficient funds on which to retire)

·         Disability (over a short or extended period)

·         Funds for short-term emergencies.

·         Debt!

A financial plan should identify the potential impact of any of these areas (as well as any others) and should be designed to minimise negative impact.

Woman to woman

Beautiful women!