Your midlife years can be some of the most rewarding. You may have achieved career milestones, supported your family and reached goals that once felt distant. Yet this stage of life can also introduce new financial complexities. A midlife weatlh check provides the opportunity to step back, review your position and ensure your plans still align with your long-term ambitions.

At Westfield Financial Services, we believe financial clarity brings confidence. A structured review can highlight opportunities, identify potential risks and help you move into the next chapter feeling prepared and in control.

Here are five key areas a financial midlife Weatlh check can help you navigate.

1. Bringing Finances Together as a Couple

As retirement moves closer, many couples decide to take a more joined-up approach to their finances. Even if you have shared household costs for years, you may still hold separate pensions, investments or property.

Combining financial strategies later in life can be more complex than it first appears. You may both have accumulated assets independently, and your retirement expectations might differ. One partner may prioritise travel, while the other values financial security and leaving a legacy.

A financial midlife MOT helps you take stock of your collective assets, understand how they interact and build a cohesive plan that reflects both of your aspirations. It ensures your retirement income, tax planning and estate intentions work efficiently together rather than in isolation.

2. Checking Whether You’re on Track for Retirement

Retirement can arrive sooner than expected, whether through choice or changing circumstances. Many people in their mid-to-late 40s admit they feel uncertain about whether they have saved enough to support the lifestyle they want.

A midlife review provides clarity by assessing:

• The value of your pensions and investments

• Projected retirement income

• Potential income gaps

• Your intended retirement age

• Your desired standard of living

If you are on track, you gain reassurance. If there is a projected shortfall, you still have valuable time to adjust contributions, revisit investment strategy or explore alternative planning options. Acting early can make a significant difference to your long-term outcome.

3. Managing Financial Support and Care Responsibilities

Midlife can often bring unexpected responsibilities. While you may no longer be supporting young children full-time, you might be helping adult children financially or assisting ageing parents.

Providing financial or practical support can place strain on both your cash flow and emotional wellbeing. Without careful planning, it can also impact your own retirement security.

A financial MOT allows you to incorporate these responsibilities into your wider financial strategy. This might include budgeting adjustments, reviewing protection policies or exploring ways to provide support without compromising your own long-term goals. Planning proactively can help you maintain balance between caring for others and protecting your own future.

4. Strengthening Your Financial Resilience

Even if major commitments such as your mortgage are reducing, financial shocks can still occur. Illness, redundancy or unexpected large expenses can disrupt even the most carefully built plans.

Part of a financial midlife weath check is stress-testing your resilience. This includes reviewing:

• Emergency savings

• Income protection and life cover

• Critical illness protection

• Ongoing liabilities

A well-structured safety net provides reassurance that if the unexpected happens, your lifestyle and long-term plans remain protected. Financial resilience is not about expecting the worst, but about being prepared.

5. Planning the Legacy You Want to Leave

Estate planning is often postponed because it feels distant or emotionally difficult. However, putting a clear strategy in place during midlife can give you greater control over how your wealth is passed on.

This might include:

• Writing or updating your will

• Reviewing pension death benefit nominations

• Considering lifetime gifting strategies

• Exploring trust arrangements where appropriate

Estate planning ensures your wishes are clear and can help reduce unnecessary tax burdens for your beneficiaries. It also offers peace of mind that the people and causes important to you will be supported.

Why Arrange a Midlife Wealth check Now?

Midlife is not simply a checkpoint; it is an opportunity. By reviewing your finances at this stage, you give yourself the flexibility to adapt, refine and strengthen your strategy while there is still time to influence outcomes meaningfully.

At Westfield Financial Solutions, we take a holistic approach. We place your goals, values and priorities at the centre of every plan we build. A midlife Wealth check is not about spreadsheets alone; it is about ensuring your finances support the life you want to lead.

If you would like clarity and confidence about your next chapter, please contact our team to arrange your financial review.

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