Retirement often conjures images of leisurely days, free from the constraints of a 9-to-5 schedule. But what if the key to a truly fulfilling retirement lies in not entirely stepping away from the professional world? Before you settle into a future of uninterrupted relaxation, let’s explore a different perspective – one where continuing to work,...Continue reading
Budgeting… that’s where the fun begins! When it comes to financial planning, one of the very first topics I dive into with new clients is budgeting. And it’s not always easy, because budgeting often gets a bad rap. Sure, it’s right up there after we’ve tackled the essentials like Wills, Powers of Attorney, Life Insurance,...Continue reading
In our quest for sunnier shores and new adventures, one critical financial aspect often overlooked is the tax treatment of UK pensions abroad. It’s a common assumption that the tax privileges enjoyed in the UK will seamlessly transfer overseas, particularly when it comes to the tax-free Pension Commencement Lump Sum (PCLS). This assumption, however, can...Continue reading
I’ve always been fascinated with technology and how is helps us with our money – right from a kid with a fistful of tenners to my current position in our tech-driven profession. And, as someone who has witnessed the evolution of personal finance across different continents, I can attest to the revolutionary role that technology...Continue reading
In my two decades of living in various countries and working with clients worldwide, I’ve seen firsthand how inflation can influence everything from the cost of a morning coffee and croissant here in France to a bagel in the U.S., or a cruffin in South Africa. It’s a stark reminder that inflation is not just...Continue reading
Financial well-being and mental health are inextricably linked, a truth that we must face with the same seriousness as we do our physical health. The challenges of mental health, particularly among men who struggle to open up about this, is a conversation that must happen openly and continuously. The stark reality is that mental health...Continue reading
The financial world is often abuzz with the latest advice from soi-disant gurus and experts, but it’s essential to parse fact from opinion, especially when it comes to safeguarding your future. A recent stir in the financial community has brought the spotlight back onto the 4% withdrawal rule—a guideline for spending down retirement savings—and a...Continue reading
Investing is a complex interplay between financial acumen and psychological influence, a concept well-articulated by Charlie Munger, the renowned investor and vice chairman of Berkshire Hathaway. He once said, “Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.” Many people...Continue reading
As long as I’ve been doing this, there have been countless inquiries about the latest market trends and investment opportunities. A recent encounter in the U.S. perfectly encapsulates the challenges faced by financial advisors when approached for quick tips or validation of investment choices. I was asked about my thoughts on Bitcoin and Tesla shares,...Continue reading
Can you remember the first moment you thought about leaving your home country to live somewhere else? This question often evokes a mix of excitement and apprehension, reflecting the very essence of assessing and embracing risk. It’s a journey that parallels the intricate process of financial planning, especially in the diverse world of global investments....Continue reading
Ten years have swiftly passed since my wife and I bid farewell to the lively streets of Accra, Ghana. Our departure marked the end of an enriching two-year sojourn where the essence of international financial planning took on a new, profound meaning. Ghana, often unheralded in the world of global finance, provided a vibrant landscape...Continue reading
Financial planning is a multifaceted process that goes beyond just picking stocks and hoping for the best. It’s about strategically aligning one’s financial decisions with their life goals and finding peace of mind in the process. At Northern Cross Wealth Management, we understand that financial advice is a critical element in securing not only a...Continue reading