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Nobody wakes up in the morning and shouts - "Gosh, I need to get a pension today"! Nor do we have people beating a path to our door demanding that we sell them some life insurance. Joking aside, getting just these two aspects in place can have an amazing impact on how your life and those of your loved ones around you will be determined. The point we are making here is that financial planning is always one of those things that people constantly put to the back of their mind. "I'll get 'round tu'it" is the normal response and it gets filed in the brain alongside painting the house, taking exercise, eating less and being nice to the mother-in-law. If only we were taught the basics of financial planning at school, we would not have so many people failing to take the basics steps in planning their financial future. Even with the advent of the Internet and the abundance of financial information on the Web, most people rely on an adviser to guide them through the quagmire of financial products available. Getting the right advice is crucial and it is wise to seek the services of an independent advisor who can consult on the whole array of financial planning tools. Most importantly, if an advisor did not do all the research in finding the right solution, presenting the benefits etc and ultimately getting you to sign some forms - would you have done anything anyway? The idea of this section is to bring home the message that correct financial planning is important to all people at all stages of their life. Everyone I meet wants to retire early but have either failed to start a pension yet or are not contributing sufficiently. There are basically two types of pension - big and small - you decide which one you want. Similarly, we know we are going to die one day but many fail to make any provision for Life insurance altogether or are insufficiently covered. The older you get before starting your life cover; the more expensive it becomes. Over the coming months, we are going to cover a number of financial planning topics from Offshore Banking to Discretionary Offshore Trusts. We hope to demystify the financial planning process so you can make decisions on how you intend to live your life now, in your autumn years and how to generate and protect the wealth you make. We welcome any comments you wish to make and invite any questions you may have regarding such issues. We shall endeavour to answer them individually and even use them as case studies (with your permission) for others to learn from. We hope to bring financial planning to the forefront of your mind (for a moment at least) so you can make the money you work hard for - work even harder for you.
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