S7 Ep 6: Financial FAQs, 6: Financial Planning

Where Your Treasure Is...

In the sixth episode of this season on financial FAQs gleaned from the Internet, Bex picks Simon’s brain on the topic of Financial Planning.

Some key points of interest covered in this episode include the following:

• Bex starts off by asking Simon about the nature of financial planning, whether anyone can do it, [01:43] and how best to go about it. [02:59]
• Bex goes on to ask Simon to explain how financial planning can help us to identify when we can retire [08:36] and whether or not there are any general guidelines regarding how much we should aim to save towards a pension. [12:02]
• Simon outlines the different kinds of pension that are available and how they operate. [14:46]
• Bex draws attention to some previous podcast episodes on the themes of pensions and planning for retirement (Season 2 Episode 6, Season 2 Episode 7 and Season 3 Episode 2) which may be of interest to listeners. [19:18]
• Simon suggests that there are two main circumstances in which it can be particularly helpful to seek assistance with financial management and planning. [19:45]
• In response to a request from Bex for recommendations of helpful resources that are freely available, Simon draws attention to the ScamSmart, Money Helper and Money & Pension Service websites. He also notes that you can check your state pension online. [22:37]
• Simon provides three top tips arising from this week’s discussion. [25:51]
• The focus of next week’s episode will be on Taxes. [28:34]

Suggestions or feedback arising from this episode can be sent via email to [e-mail] while messages via Instagram should be directed to @whereyourtreasureispodcast.

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