Independent on Sunday Wealth Check
Informed Choice chartered financial planner Martin Bamford was quoted in the Independent on Sunday today, in their Wealth Check feature.
The ‘patient’ this week was Natalie Murray, a 25 year old mother who runs a community magazine in her home town, Rugby. Her main concern was saving for retirement. Martin was asked to comment on her financial planning along with two other independent financial advisers.
“While starting pension contributions at an early age is usually a good financial strategy, Natalie should also think about repaying her expensive debt and creating an emergency savings fund,” warns Martin Bamford, of Informed Choice, an independent financial adviser.
“This is particularly important as she has a young child and runs her own business. The normal rule of thumb is to save the equivalent of three months’ typical expenditure as an emergency fund. In Natalie’s case, I think she should aim to put away more – possibly as much as £10,000 – before she starts saving for retirement.”
You can read the article in full here and find links to all of our national press coverage here.