It’s as simple as this, regardless of whether you are in the lucky position to be financially comfortable or you are financially stressed at present, you need to regularly review your financial situation and have a plan.
Do you know where you stand with your finances? How is the Pension policy that you took out five, ten or twenty years ago? Or the Life policy you were ‘forced’ to take out when you were single or had no children?
Do they meet your needs now?
Frances O’Hanlon of Frances O’Hanlon Mortgages & Investments Ltd this week stressed the importance of annual financial reviews. She said, “The economy has dramatically changed in the past couple of years. Your priorities may have also changed during this period. You might have changed or lost a job. You might have set up a business or become a stay at home parent. Either way, your financial arrangements must reflect these changes and should be reviewed in order to make sure you know where you stand and where you are going.”
She continued, “We deal with many situations whereby the product, whether it be a Pension or a Life Policy do not meet the needs of the individual anymore. People don’t realise that your policies do not automatically change with you. They are very specific and should be reviewed annually.”
“It is of paramount importance that you seek Impartial Independent advice”. Advisors such as Frances O’Hanlon Mortgages & Investments Ltd have access to the main financial providers. Let us help to ensure that you have the best possible options to suit your needs, not the needs of a particular bank or financial institution.”
“The reality is that financial products change, usually for the best, due to competition between providers. This could be in the benefits they offer to you or simply the price or charges.”
The message is very clear. People need to review their financial situations, know where they stand and that they are in the best financial health they can be.
For further information please contact Frances O’Hanlon or her team on 052 6129487.