Revisiting Your Financial Plan in 2023

2 min read

“Before anything else, preparation is the key to success.” – Alexander Graham Bell

Revisiting Your Financial Plan in 2023

2 min read

“Before anything else, preparation is the key to success.” – Alexander Graham Bell

It’s the start of a new year, so you might want to set yourself some financial goals. This can be anything from getting on the property ladder to retiring early, but each goal requires a plan.

Creating a professional financial plan is essential for ensuring long-term financial stability and success. It helps you identify where your money is going, set goals to save more and invest wisely, and track progress towards reaching those goals. By taking the time to create a financial plan, you can make sure that your finances are well managed and organised in order to reach your desired future goals.

Additionally, having professional guidance will help maximise your potential for achieving greater wealth and security over time. This means you will be better equipped with the knowledge and tools necessary to make informed decisions about how to best manage and protect your money for the future.

Your Financial Resolutions for 2023

We all have different financial goals and aspirations in life, yet these goals can often seem out of reach. In today’s complex financial environment, achieving your financial goals may not be that straightforward. This is where financial planning is essential. Designed to help secure your financial future, a financial plan seeks to identify your financial goals, prioritise them and then outline the exact steps that you need to take to achieve your goals.

If your New Year’s resolutions include giving your financial plans an overhaul, here are our financial planning tips to help you create a robust financial plan for 2023 and beyond:

  • Be specific about your objectives
  • Keep them realistic
  • Divide your goals into short, medium and long-term
  • Utilise any tax allowances
  • Create and implement a comprehensive financial plan
  • Monitor and review your financial plan
  • Talk to the experts

Comprehensive Financial Plan

Creating and implementing a comprehensive financial plan will help you develop a clear picture of your current financial situation by reviewing your income, assets and liabilities.

Other elements to consider will typically include putting in place a Will to protect your family, thinking about how your family will manage without your income should you fall ill or die prematurely, or creating a more efficient tax strategy.

Beginning your retirement planning early gives you the best chance of making sure you have adequate funds to support your lifestyle. You may have several pension pots with different employers, as well as your own savings to withdraw from.

Monitoring and Reviewing

There is little point in setting goals and never returning to them.

You should expect to make alterations as life changes. Set a formal yearly review at the very least to check you are on track to meeting your goals. Setting goals marks the beginning of financial planning to help you achieve the objectives at various life stages.

Goalsetting gives meaning and direction to the various financial decisions you will take during your lifetime. The start of a new year is the perfect time to review your financial strength, pore over your budget and make big plans for the coming year and beyond.

Do You Need a Financial Plan that is Tailored to You?

We want to help you make the most of your money. Professional financial advice could help build a secure future for you and your family. To review your situation, please contact us – we look forward to hearing from you.

Send us an e-mail to or call us direct at +41 21 801 36 84 and arrange your no-cost and no-obligation meeting, today.