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Empty Nester Stage

Your disposable income will probably be at its highest level

Your disposable income will probably be at its highest level

This stage tends to apply to those of you who are between 40 and 50 years old. It's probable that the children have left home and may even have started work; for that reason we call it the "empty nester " stage. Your disposable income will hopefully be at an all-time high as a result and your financial focus should be concentrating on what your plans for the future are. Consider the following

  • Invest for your retirement - if you have not already begun, it is not too late to start paying into a pension. Tax relief provides a welcome boost to savings and will help to make up some lost time. Consider increasing your contributions if you have an existing pension.  
  • Invest for your grandchildren - do this now so when they get older you will be able to help contribute to their university fees, buying their first car or even a deposit on a house 
  • Consolidate your own investments - do this by moving your investments onto a platform such as the one offered by Cofunds. This will make managing your investments easier in the future

At this stage in your life it is more likely that some unexpected events may affect you. These could include

  • Redundancy - a potentially difficult time for anyone who experiences this. If you receive a redundancy payment, consider how it may be used.  
  • Long term illness - no one expects this to happen to them but it is important to ensure your savings and other financial plans take account of such an eventuality. 
  • Early Retirement  - if this happens, perhaps due to illness and before you reach the age of 55, you will not be able to access your pension fund (unless the illness is deemed terminal). You may secure further employment but you do need to ensure that your accrued savings are sufficient enough to cover this possibility.

Planning effectively and as early as possible for these potential eventualities can contribute to a more secure financial future. 

Things to consider

  • Ensure your savings are on track to meet your financial goals
  • Make a list of your financial priorities
  • Can you afford to save to help with your grandchildren's future financial well-being?
  • Place your trust in us - we have been guiding clients for over 30 years

Product options

Stocks & Shares ISAs

If you know you need to start saving but are not sure where to begin, Stocks & Shares ISAs (Individual Savings Accounts) are a good way of “dipping your toe” in the investment waters.

Cofunds Pension Account

You know you need to plan for your retirement but just don't know where to start. We make it easy to invest for the work-free (and hopefully stress-free) stage of your life.

Designated Accounts

We can't predict what will happen in the future but we can plan for it. Ring fence savings for a child or future event