Death, while inevitable, is also unpredictable. You could just as easily die of a heart attack while fishing in a peaceful river as of rage and apoplexy in the office. That is why, as soon as you have attained property of your own and other assets, you need to draft a will. And despite what you may write, the law will still take a sizable lump of your assets in the form of estate taxes.
In today’s fast-changing and competitive world, one of our major concerns is loss of income due to retrenchment, illness or injury. The latter two circumstances are more often the ones for which you can carry insurance – but with increasingly uncertain economic times, the option of insuring against job loss is one you can investigate to shore up loss of income in the event of company downsizing or closure.
Depending on the terms of your disability policy, you can cover up to 75% of your pre-tax income for the period you are off work – or up to the age of 65 if you are close to reaching that age. The time covered will be set at date of purchase of the policy. Premiums will obviously depend on the options chosen. If income is insured against job loss, then you might be able to insure for up to six month’s salary recompense should you not be able to find new employment during that time.
Whatever your choice and situation, there are risk services to meet your needs. Planning ahead is vital to both peace of mind and financial security when the unexpected strikes. Sometimes the risk we take is life itself.
If there is one thing more deeply entwined in every area of life than anything else – it’s money. Everything you do – from education to career to lifestyle – is about how you are going to earn it, save it, invest and benefit from it. Looking after it is paramount, but not that easy to do on your own. The benefits of engaging a professional advisor should far outweigh any fees you may be charged. The purpose is to increase your net value and secure your future. And perhaps there isn’t a price on that?
Some people are natural savers, some are forced into it, and some don’t bother at all. But what we’re all aware of – sometimes from a young age – is that saving for retirement is vital in the financial constraints of the modern world. As we age, it becomes even more relevant. Sometimes so much so, that fear of the future begins to rule every decision we make, the very way we live our lives.
Retirement. It’s what we plan for all our working lives. It’s what we sometimes wish for on many a bad day struggling through traffic, or dealing with difficult people or working hours overtime on urgent projects. What we don’t do often enough however, is plan for how we are going to cope with the radical change retirement can bring to our lives. The reality of that change is the last thing we think about – and yet it’s the rest of our lives.