Clarus Wealth Ltd

This one is always worth revisiting… If you've been putting off checking your National Insurance record, it's time to take action. The government has extended the deadline to fill gaps from tax years 2006 to 2016 until April 5th, 2025, offering a prime opportunity to boost your state pension. Act now to potentially increase your pension by thousands of pounds. If you're 45 or older and have taken career breaks (like childcare or caregiving), this could significantly benefit you. Taking proactive steps now to maximise your contributions can significantly bolster your retirement funds, ensuring greater financial security for your future. Read Jon’s latest blog for more (link in comments)

Here are three compelling reasons to integrate later-life planning into your financial strategy: 1. Increased Life Expectancy: Thanks to advancements in modern medicine, retirees today can anticipate longer lifespans compared to previous generations. This means more years spent in retirement, necessitating careful financial planning to sustain your lifestyle. Imagine the implications of only planning for a 20-year retirement but living a decade or more beyond that. While the average life expectancy for a 66-year-old man is 85, many individuals surpass this, with a notable 1 in 4 chance of reaching age 92 and a 1 in 10 chance of reaching 96. Similarly, for women of the same age, the average life expectancy is 87, with significant odds of reaching ages 94 and 98. Planning solely around the average age risks leaving you financially vulnerable for a considerable period*. 2. Increasing Need for Care: With longer life spans comes a higher likelihood of requiring some form of support in later years. This could range from assistance with daily tasks provided by family members to professional care services. Given that individuals often bear the cost of such care themselves, it's imperative to incorporate potential care expenses into your long-term financial plan. As evidenced by statistics from Carehome, the number of people residing in care homes in the UK is on the rise, and this trend is expected to continue as more individuals reach their 80s and 90s. 3. Peace of Mind and Quality of Life: Having a financial plan that accounts for later-life needs provides a sense of security and enables you to fully enjoy the present. Knowing that your finances are prepared for the future and equipped to handle unexpected circumstances allows you to focus on what truly matters, enhancing your overall well-being and enabling you to make the most of life's experiences. Download our free Guide through the link in the comments section. *ONS

It's great to see two Shaping Wealth #BTBA alumni take the stage at this event to share their wisdom on the human experience of money. Simon Roughsedge and Dan Haylett. 👏 https://lnkd.in/erUwex75

We all dream of retirement as an endless vacation, but it’s a bit more complex than that. Unlike a two-week holiday, retirement is a major life transition that requires both financial and emotional planning. Here's how to make the most of it: The Myth of an Endless Break: While holidays recharge us, retirement is a permanent shift. Without structure and purpose, retirees often feel lost or disconnected. It’s important to plan for more than just relaxation! The Phases of Retirement: • Honeymoon Phase: Excitement and freedom! But this phase only lasts for a while. • Disenchantment: Reality hits—many retirees struggle without goals. • Reorientation: Finding new hobbies, activities, or part-time work can help bring fulfillment back. • Stability: Establishing a balanced routine helps you fully enjoy retirement. Emotional Planning is Key: Just like your financial plan, you need an emotional plan to thrive in retirement: • Define your purpose: What will give your life meaning in this new chapter? • Build routines : Balance chores with things you love doing. • Stay connected : Maintaining social ties is crucial to emotional wellbeing, especially for men. Retirement is more than just relaxing in the sun—it’s a journey through different phases that need planning. By preparing for both the financial and emotional aspects, you can ensure a fulfilling and purposeful retirement. Need help planning for your next chapter? As financial planners, we can guide you through this transition and help you live the retirement you deserve, don’t hesitate to get in touch if you think we can help.

Final Call: Don’t Miss Out on the Clarus Wealth Event! Don’t miss your opportunity to attend our highly anticipated free event—spaces are filling up quickly! If you haven’t booked yet, now is the time to secure your spot before it’s too late. Why Attend? At Clarus Wealth, we believe investing in your health is just as crucial as financial planning. That’s why we’re excited to present an evening dedicated to optimising your diet and physical wellbeing. Join us to discover practical, science-based strategies for a longer, healthier, and more fulfilling life. Learn how small, manageable changes can make a big impact! Event Details: Date: Thursday, September 12th Time: 7:00 PM Location: Pyrford Lakes Golf Club, Warren Lane, Pyrford, Woking GU22 8XR There is no cost for this event. Meet Our Experts: Marianne Williams – Specialist Gastroenterology Dietitian Dr. Massimo Barcellona – Consultant Physiotherapist, Musculoskeletal They’ll cut through the noise, debunk myths, and provide actionable takeaways to boost your well-being immediately. This is more than just an event—it’s your step towards a healthier future. Don’t miss out—secure your spot now! Find out more and reserve your space no later than Thurs 5th September. 🔗 Book Your Spot Now! - Link in the comments

Inheritance tax (IHT) can be a worrying issue for many people. There’s nothing quite like that nagging fear that our loved ones might be out of pocket when we die. Read some essential tips when it comes to inheritance tax planning here (link in comments)

Does early retirement lead to greater happiness? It hinges on various factors, especially how well-prepared you are for this new phase of life Read more here https://bit.ly/4d2a4Si #retirement #financialplanning

Thank you! We love when our clients take time out of their busy lives to drop us a note of thanks. This one is a particularly lovely shout-out to Tracey!

We’re thrilled that Sarah Roughsedge has been named a finalist in the 2024 Professional Adviser Women in Financial Advice Awards! Congratulations to all the amazing finalists, and best of luck in November. It’s inspiring to see so many women leading the charge in financial planning.

Should the recent global outage make us question the wisdom of AI? Read more in the comments