For those who are approaching retirement or recently retired. Your focus may have shifted towards this next stage of life and how you will manage your financial objectives during this time.

Mid-stage financial planning is the process of assessing your current financial situation and setting financial goals for the next 5-10 years. It is a holistic approach to managing your money that takes into account your income, expenses, assets, liabilities, and insurance.

Mid-stage financial planning can help you to:

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Achieve your
financial goals

Whether your goals are to buy a house, or start a business, early stage financial planning can help you to create a realistic roadmap for reaching them.

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Reduce your
financial stress

When you have a clear understanding of your finances and a plan to reach your goals, you can feel more confident and in control of your financial future.

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Protect your assets

Early stage financial planning can help you to protect your assets from unforeseen events, such as job loss, illness, or disability.

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Maximize your tax

A financial planner can help you to identify tax-efficient ways to save and invest your money.

If you are in the mid-stages of your financial journey, it is important to start planning now.

The sooner you start planning, the better off you will be in the long run. Here are some of the key areas that mid-stage financial planning can cover:

  • Budgeting: Reviewing and adjusting your budget to account for your changing financial needs.
  • Saving for retirement: Re-evaluating your retirement savings goals and strategies.
  • Investing: Reviewing your investment portfolio and making sure it is still aligned with your goals.
  • Insurance: Reviewing your insurance coverage to make sure it is still adequate.
  • Tax planning: Reviewing your tax strategy and making sure you are taking advantage of all the tax breaks available to you.

Mid-stage financial planning can be a complex process, but it is important to have a clear understanding of your finances and a plan to reach your goals.

If you are not sure where to start, you can work with a financial adviser who can help you create a financial plan that is right for you.

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Talk to an adviser