A Financial Plan Can Be a Girl’s Best Friend!

There was a time when father and husband supposedly sorted this out for the ‘little woman’ but increasingly these days ‘sisters are doing it for themselves’  Or very nearly. They call in a professional financial planner to work on a strategy for them.

Everyone is a winner who engages in proper financial planning, but woman in particular have lots to gain. Insurance industry research among financial advisers shows that women are the focus of only 12% of planning sessions versus 78% for men (gender goes unrecorded in 10% of cases). This leaves women vulnerable in a society where divorce is frequent and the risk of stroke and heart attack among women is rising.

“Woman have everything to gain by engaging in professional financial planning,” says Mandy Denton, Life’s Divisional Director: Communications. “There are some technical aspects to a needs analysis and financial planning structures, but this is where an authorised financial planner comes in.”

Strategy sessions may cover a range of subjects-planning for retirement, life and disability cover, determining the capital and income needed for specific needs, targeted saving for things like the children’s education etc.

“Women appreciate the benefit of a long-term, supportive relationship,” says Mandy. “A financial plan should be periodically reviewed. Get a plan, Get a life…and for optimum results make it a lifelong commitment.” )
 
What are you doing to take control of your life?