UNITED KINGDOM for them . Ask yourself on a worst case scenario how much cash would you really truly need in this scenario . Hold no more than this
Life Insurance Death is as unpredictable as it is inevitable . Ensure you have a policy in place to look after family .
Income Protection The main time anyone struggles with income is usually during times of diagnosis of a critical illness such as cancer . Make sure if you do get diagnosed and have to take 6-12 months off work a policy pays you your income equivalent .
Pension Portfolio There is categorically no relying on the state for your income and with company golden pensions becoming a thing of the past it is crucial you put something in place early that can be invested into over the long term away from all other assets to ensure a great retirement .
Children ’ s Education Portfolio One of the main cause of someone ’ s wealth going backwards mid age is either divorce or having to all of a sudden find university fees for the children , sometimes totalling over £ 200,000 GBP across 2 children
SA Real Estate Investor Magazine APRIL / MAY 2023 138