Mastering financial fitness in your 50s

Guide to mastering financial fitness in your 50s

Entering your 50s marks not just another chapter in your life; it could be a significant and exciting phase in your financial journey. By this point, life may have settled into a more predictable rhythm. Perhaps your children are financially independent, and your career is likely at its peak, providing you with a stable income.

As you contemplate winding down or preparing for retirement, it could be important to take a thorough look at your financial situation. This could be a crucial time to help ensure you are on the right path to achieving your future goals.

Read our guide to help you focus on key areas that could help establish a solid financial foundation for the years ahead.

Get in touch

To learn more about how our financial planners can help you stay on track to your long-term retirement goals, whatever life throws at you, email us at advise-me@fosterdenovo.com or call us on 0330 332 7866.

Foster Denovo Limited is authorised and regulated by the Financial Conduct Authority.

Registered Office: Foster Denovo Limited, Ruxley House, 2 Hamm Moor Lane, Addlestone, Surrey, KT15 2SA.

This guide does not constitute tax, legal or financial advice and should not be relied upon as such.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future. For guidance, seek professional advice.

A pension is a long-term investment not normally accessible until age 55 (57 from april 2028 unless the plan has a protected pension age).

The value of your investments (and any income from them) can go down as well as up, which would have an impact on the level of pension benefits available.

The financial conduct authority does not regulate legal services.

Your pension income could also be affected by the interest rates at the time you take your benefits.

The value of pensions and the income they produce can fall as well as rise.You may get back less than you invested.

The financial conduct authority does not regulate estate planning, tax advice, will writing or trusts.

Will writing, trusts, and inheritance tax/estate planning are not  regulated by the financial conduct authority.

The value of your investments (and any income from them) can go down as well as up.

Stocks & shares isas invest in corporate bonds, stocks and shares, and other assets that fluctuate in value.

Isa’s investors do not pay any personal tax on income or gains, but Isas may pay unrecoverable tax on income from stocks and shares received by the isa managers. Tax treatment varies according to individual circumstances and is subject to change.

Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits.

Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.