Forty & Fabulous

If you are in your 40s and feeling like your financial fitness could do with an overhaul, then make 2023 the year to do it!

These days, your 40s are midlife, given that the average age expectancy for men is 84.7 years and for women, it is 87.3 years. Rather than have a mid-life crisis and blow all your hard-earned savings on something that will only bring momentary enjoyment, how about sitting down with your financial adviser to take a good look at your finances and decide how financially fit you really are?

?Assess your financial fitness.

In your 40s, you may have a number of large expenses and conflicting priorities.

Do you possibly have a mortgage (or two)?

Do you own your car or lease it?

Are you considering a career change or reducing your working hours to look after family? How will this impact your

salary?

Are you a small business owner with a lot of debt tied up in your business?

Are you a parent juggling to pay school fees, extra-curricular activities, clothes, toys, and excursions?

Do you have ageing parents who are contemplating their eldercare needs and costs?

Looking at your whole financial picture and using financial modelling tools can help you assess how financially fit you really are.

?Your 40s are a great time to really look at your finances and set or re-set your financial goals. Talk to your financial adviser. Secure your future. Make 2023 your year!