We specialize in giving advice to teachers. All our team are fully trained to understand the four pension schemes of which teachers can be a member, and what we do is we offer a free financial planning review to teachers to make sure that you understand the benefits that you have and how they will help you to prepare for a comfortable retirement.
So this two step process that we apply, the first is we run regular training webinars. And in those webinars we give you lots of information about your pension scheme. We then invite you to participate in a one-to-one review with one of our financial advisors. That’s free and without any obligation on you to do business or anything else. But the brilliant thing about that is at the end of that meeting, you’ll have a very clear picture of your financial planning position. And although it covers your, mainly your retirement benefits and your employment related benefits, we also can address a myriad of other financial questions that you might have, including about mortgages, including about savings plans, inheritance, et cetera.
So by the end of that session, you’ll have a really clear picture of where you’re going to be in your financial plan.
It’s sometimes hard to establish good financial planning habits, but we have five simple tips that I’d like to share with you today and that will enable you to become more familiar with the finances.
The first thing is, as a teacher, you are in secure employment. The only thing that can really damage your financial security in terms of your earning power, is an inability to work due to accident, illness, or injury.
One of the great things for teachers is that income protection, salary protection is relatively inexpensive. During your career, you’re going to earn 2 million euros or more. You can protect that for as little as 30 euro per month, and I really recommend and encourage all teachers to look into that.
My second tip for you is when you have completed your financial planning review and you have an understanding of where you are going to be, if there are changes you want to make to that plan, discuss them with your financial advisor and also discuss them with your family and friends or your nearest and dearest.
What that does is it increases your commitment, and I really encourage people as well. When they do reach a spot where they say, that’s my goal, to sign it because the signature really increases your commitment. That’s tip number two. Get a plan, discuss it, and sign it.
So my tip number three for you is when you have your plan drawn up and you have an idea of where you’d like to, what you want to achieve in your lifetime. Prioritize one of those, just one. The reason for doing this again is ’cause when we target one particular goal, we generally will have a far better chance of achieving it, and I’m gonna roll straight into point number four here.
Recommendation number four is start. Achieving that point today, start today to achieve your priority. Because when you start the process, you build momentum. And even if it’s a small start, having that small start executed quickly gives you a satisfaction and a sense of achievement.
My final tip is mind yourself, and what do I mean by that? If financial planning is absolutely core to our sense of wellbeing, if you’re financially secure, it makes it much easier to be generally secure in lifetime. So be careful. Spending is quick, earning or saving is slow. So when you’re making spending decisions think about it twice. Is it really, really important to you? Does this help you achieve your priority, your goal, your financial goal? And that’s what I really encourage you to be mindful, I suppose, about how you use your finances, because that is what is going to give you financial security in the future.
Keep an eye on our Webinars page or subscribe to our newsletter to stay updated on next dates.
You’ll be able then to start the process of getting your financial security, wrapped up and that, you know, you have it under control.
So we’ll see you there at the webinars. We look forward to talking to you soon.
