Page 70 • The HERALD • 22nd August 2024 v WE’VE BEEN YOUR LOCAL SINCE 1994 v ASK A PROFESSIONAL LIFE GOALS DON’T JUST HAPPEN, YOU HAVE TO PLAN FOR THEM! by Michael Osman, Oyster Financial Planning HOW PROFESSIONAL FINANCIAL ADVICE BENEFITS BOTH YOU AND YOUR FAMILY When it comes to managing your nances, the wealth of resources now available can make it easy to try and go it alone. However, obtaining the right advice from a quali ed professional nancial adviser will ensure you are able to plan ahead by including expectations for items such as in ation, market declines, your protection requirements, future career and retirement plans and the cost of your desired standard of living, today, tomorrow and into the future. ere is no all-seeing eye online to do this for you! Here are some areas for consideration: ACHIEVING YOUR GOALS - Having nancial goals is also one of the main reasons to obtain advice. Whether it’s planning for retirement or another objective, having an experienced professional by your side can help you create and execute an investment plan tailored to achieving your individual goals. SUCCESSFUL INVESTMENT PORTFOLIO - If you are planning for your retirement, you now have more choices than ever before. Knowing what assets, you hold and having a clear strategy is key to creating a successful investment portfolio. START MINIMISING TAXES - In some cases, it may be bene cial to bring all of your investments together and simplify the portfolio. Your adviser will help you do this, as they will be able to construct a streamlined portfolio with a clear strategy suited to your speci c needs and risk tolerance. PROVIDING INVALUABLE GUIDANCE - Your nancial adviser will help you to navigate the full choice of investment opportunities. If you have recently come into a large sum of money, it can be di cult to know what to do with it. Your nancial adviser can provide invaluable guidance in this situation and help you make the right decision. You’ll have many questions such as should the money be invested or used to pay o your mortgage? Will there be tax implications? And is it best to invest all at once or over time? COMPLEX FINANCIAL MATTERS – In my experience, the internet or a wise old work colleague can sometimes provoke decisions for you to make but not knowing the full story could cause you problems. Research is great but it isn’t the answer for everything. Self-education helps you to understand but this will only get you so far. To plan for your goals and objectives today get in touch with Michael at Oyster Financial Planning in Hythe Village. 023 8084 8410. Michael Osman, Oyster Financial Planning
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