The reality check comes when I attempt something I believe should be easy, only to find I simply can’t manage it. I’m not quite sure when age decided to catch up with me, but it has - and with a vengeance.Luckily, owning my business has allowed me to shift to a three-day week, which helps. Plus, after 45 years of planning my own finances, I’m in decent shape financially. Now, it’s time to adjust my lifestyle to fit this new, older me, though perhaps with a bit of effort to stay fitter.
So, has age started to sneak up on you too?
If it has, how has it changed your outlook? Are your finances prepared for this chapter, or are you still in the process of getting things lined up? If age hasn’t caught up with you yet, enjoy it - but be ready, because it will come. And when it does, having a plan will make all the difference.
Give me a call and let’s share stories and plans for the future. I’ll provide the tea and biscuits.
This brings me to another shift: Labour’s Autumn Budget. It’s likely made many of us rethink our future plans - it certainly has for me. Pensions have changed for many, and not in the best way, while changes to Capital Gains Tax mean fund growth is even more crucial.
Depending on your age and health, you may suddenly find yourself needing a plan you didn’t think necessary before.
We can only hope that Rachel Reeves and her team’s budget choices boost the economy enough to reverse some of these tax changes. But if not, it’s wise to be prepared. Inheritance Tax, once affecting around 6% of the population, is set to impact many more people, including farmers who were previously exempt. It’s time to reassess your financial strategies and make the necessary adjustments for you and your family.
And if you’re one of the lucky ones who doesn’t feel old just yet, congratulations! But keep an eye out—age has a way of sneaking up on you unannounced.
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