Time to make your New Year’s Resolutions?

Financial Plans 2017

It is hard to believe that 2017 is here already! This is the time of year when we think about the year ahead and make our New Year’s Resolutions – but what about our finances? AAM Advisory has solutions for you.

Will you resolve to work within a budget, review those savings and investments or start saving for that long cherished goal? Don’t forget when looking forward to look back at what you have achieved until now.

Resolution 1

Take stock of your plans and resolve to get back on track. Ask yourself:

  • Where am I now?
  • Where do I want to be in future?
  • Are my plans on track to get me there?
Resolution 2

Check that your financial plans are working the way you think they are

When it comes to our finances, it is easy to assume that the plans you have made are still working the way you intended them to. However financial plans need to be reviewed and cared for – your goals change, laws and taxes change and so plans need to change to cope.

Resolution 3

Make sure you know where your money is and what it is doing

Changing jobs, moving home, becoming an expat and forgetting to redirect your financial post are easy ways to lose track of the pensions you have. While there are many reasons why your pension has gone astray, what’s important is that it’s recovered.

Many feel that tracking down their lost pensions is too complicated, but at AAM Wealth Solutions we can arrange for you to have a complimentary review with a Pension Specialist. It is stress free and they take care of the hard work so that you don’t have to. They can even review the performance of your pension when it has been located to make sure you have the retirement you are aiming for.

There are millions of people with over £5 billion in lost or unclaimed pensions, maybe you’re one of them?

Resolution 4

Make sure you and your family are protected;

If you suffered a major illness, or worse were to die, are you and your family adequately protected financially?

  • Do you know exactly what you are covered for through work?
  • What about your own policies?
  • Will Estate Taxes take up to 40% of the proceeds from your policies?

Many of us have insurance policies taken out when living in our home country which no longer cover us now that we live abroad. Have you reviewed your policies, be they within your Super or a stand alone policy, to make sure you are still covered?

So this January take a moment to think:
  • Are you on track to meet your goals?
  • Are your financial plans working the way you think they are?
  • Do you know where your money is and what it is doing?
  • Are you and your family properly protected?

It’s simple to find out, just contact your AAM Financial Planner or email wealthsolutions@aam-advisory.com to arrange a complimentary review. You have nothing to lose and a lot to gain, so act now!

Ian Black
Head of Wealth Solutions
AAM Advisory Pte Ltd

The views expressed in this article are those of the author and do not necessarily reflect the views of AAM Advisory Pte Ltd. This document/article should not be construed as an offer, solicitation of an offer, or a recommendation to transact in any securities mentioned herein. The information does not take into account the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a licensed financial adviser regarding the suitability of the investment product before making a commitment to purchase the investment product. Past performance is not necessarily indicative of future performance. Any prediction, projection, or forecast on the economy, securities markets or the economic trends of the markets is not necessarily indicative of the future performance. Whilst we have taken all reasonable care to ensure that the information contained in this document is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness.