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Yet another Corona post

Because this fear we are carrying is a heavy weight and it can be paralysing. 

There is no shame in coming out of yet another lockdown with the same body, the same empty canvasses you so desperately wanted to fill or still no plan about how your financial future looks. Despite all the motivated faces hopping around your Tik Tok screen, you are not alone with this! 

According to the article called “ Dealing with disappointment”, Manfred F. R. Kets de Vries, published in the Harvard Business Review disappointment is something most people struggle with. At the root of disappointment are expectations. Typically, those are set way too high. What’s the fix? 

Constructively deal with your disappointment. Admit to yourself that what you were trying to take on is too much, especially given this depressing, anxious climate we are in. 

You don’t have to do everything yourself, this is what specialists are here for. Get a financial planner to look at your finances with you. Get expert advice on your pension rather than trying to figure it out yourself. 

Don’t try to teach yourself cooking but join a Zoom cooking class. Do a virtual group workout and even meet new people. 

In reaching out for help not only do you take weight of your own shoulders, but in many cases you even support businesses that otherwise would be struggling due to the restrictions they are dealing with. 

As a Personal Assistant I can assure you, hiring somebody to support you is a game changer. 

If you need any help with your pensions or investments, please reach out to Paul Rhodes direct, or myself via the contact form below. More than likely you will speak to me anyway as I manage Paul’s diary and back office, so he can fully focus on what he does best: making your money work for you! 

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

UK Pensions – Act Now!

CoinsHSBC and The Local Government Pension Scheme are the latest Defined Benefit Pension Schemes to cause upset and worry to thousands of soon-to-be retirees.

Firstly, HSBC has come under fire for cutting the pension payouts of its former staff by up to £2,500 a year, affecting 50,000 members who joined the company between 1975 and 1996. This group had opted to pay less national insurance (NI) contributions whilst working by “contracting out” of the former state pension scheme. This meant that HSBC also paid less NI contributions. In exchange for paying a lower rate, the bank agreed to pay staff a guaranteed minimum pension when they came to retire. Payment records were however not properly maintained leading pensioners to be either overpaid or underpaid. Numerous firms, including HSBC, had used this arrangement and when the errors were discovered, some began to cut pension payouts to compensate for the overpayment.  

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2020 – a year we will never forget

Blacktower Financial ManagementWe have all had different experiences in the past years, but 2020 will forever be the year that this generation will never forget.

From the extremely eventful year for stock markets to the US Election, I think it would be helpful to have a look at what happened throughout the year, as we finally turn the page and face 2021 with renewed hope.

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