I’m often asked ‘Will I have enough money to retire? How much do most people have?’ The rather predictable answer is that everyone’s different. Big earners with big houses are often mortgaged and credit-carded to the hilt. And some of our biggest clients would seem, from the outside, not to have to ha’pennies (kids etc.) to rub together. The former will always assume that income and resources can be expanded to meet spending. The latter will alway worry and avoid spending, however many cruises we tell them they could take, hospital waiting lists they could jump or offsprings’ mortgages they could pay. And it will ever be, and has ever been thus.
“Letter of authority: Why now is the right time for change”
This may sound like a non-issue from outside the world-of-financial-advice bubble. It is the bain, however, of the daily working lives of many of us, particularly of those paid by we advisers to do the dirty work of dealing with the many providers with whom we have to work.