When considering how to make the most of your pension at retirement, it can be difficult to know where to start. You have likely made significant savings during your working life but may have no idea how to access them, what they’re worth and how far they will support you once you retire.
Whether retirement is 10 years away or much more imminent, planning is essential to ensure you can live your desired lifestyle once work is over. You’ve worked hard your whole life and now it’s time to think about what you want to achieve: whether that’s travel, more time spent with family or exploration of new hobbies and interests.
Perhaps you’re ready to retire tomorrow or are thinking about transitioning into retirement through part-time work; either way, it is essential that you have a complete picture of your expenditure now and your expected expenditure in the coming years. That way, whatever your goals for retirement, you can rest assured that your financial future is secure.
It is also important to be realistic about how long you may live. Given advances in medicine, we work on the assumption that people will live at least to 100 years. This may seem ambitious but, for planning purposes, it is better to be prudent rather than potentially run out of funds in retirement.
As Financial Planners, our role is to demystify the options available to you at retirement and ensure your savings last a lifetime.
At a free initial consultation, we begin by understanding what is important to you and your current financial goals. We also collect your personal information and explain our fee structure. The consultation will close with a summary of our findings, and our suggested next steps towards a tailored solution to your needs. There is no obligation to proceed at this stage, and no costs will have been incurred.
The next stage is to analyse your financial situation. We will use the information gathered about you to thoroughly analyse your financial position, using our extensive knowledge of financial markets, then diligently research potential solutions for your needs.
We will create a bespoke financial plan, recommending the best financial solutions to achieve your goals. At a second meeting, we will explain our research and recommendations so that you can make fully informed decisions. We will take you through our report step-by-step, and you are free to take the report away and give it due consideration before agreeing to move forward to the next stage.
Once you feel that you can make a fully-informed decision to proceed, and you have given us your consent to do so, we will begin the process of implementing our recommendations. We will assist you in completing all the relevant forms and ensure your applications are processed by the relevant investment houses and providers in a timely manner.
It’s important that your plan is reviewed regularly to ensure that it is optimised for any changing personal circumstances, economic fluctuations, tax legislation and regulations. Finally, we will provide you with online access to view your investments at the touch of a button.
Marian, North Yorkshire
A client since January 2017.
A client since September 2016.
A client since April 2017.
A client since October 2010.
A client since September 2010.
A client since December 2013.
A client since February 2017.
A client since February 2016.
A client since December 2013.
A client since November 2016.