Page 60 • The HERALD • 1st June 2023 v THE HERALD - SUPPORTING LOCAL BUSINESSES v ASK A PROFESSIONAL REDUNDANCY – END OF THE WORLD OR A BRAND-NEW START! by Michael Osman, Oyster Financial Planning When new clients make contact with Oyster it’s quite o en because they are at a crossroads in their life. It could be due to sudden bad health, divorce related, it could be due to a pending inheritance it could also be simply they just want to pause and take stock of where they are in life and take a closer look nancially to see where their life is heading. One of the other ‘crossroads’ moments is being made redundant, losing a job that you may have held for years and maybe expected to stay in well into the future even through to retirement. At rst glance for many redundancy can bring worry and concern and some stress but it could also be the opportunity to grasp a happier brand-new start that you may never have made if the move hadn’t been forced on you. It has happened to me twice and on both occasions this unexpected career lightning bolt was a huge Michael Osman, Oyster Financial Planning positive. Not due to any nancial pay o though! Taking you out of your comfort zone and forcing a career directional change can be a fantastic life experience. By talking to a Financial Planner before deciding what package you should take or what new career path you should take can be hugely bene cial. Understanding what the nancial package means, using it to clear borrowing, invest in a new business venture or save for your new retirement path are all important decisions a nancial planning professional can guide you with. Not just on the immediate decision to make but at the same time giving you a whole new perspective on the rest of your nancial life. Planning properly can hugely invigorate your new direction in whatever path you choose. An Oyster client recently was faced with redundancy and having worked through their entire nancial future with a Lifestyle Financial Plan they concluded that they “now have real peace of mind knowing that they can make the decision that suits them and that their nances are in a good position”. If you are faced with redundancy or one of the other ‘crossroads’ moments earlier in my article, get in touch today and see how Oyster can help you explore that ‘brand new start’. Contact Michael Osman at Oyster Financial Planning in Hythe village or call: 023 8084 8410.
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