Retirement planning is an important element of your wealth management and financial planning strategy. After you’ve spent your life working hard to provide for yourself and your family, you deserve to look forward to a happy retirement where you can relax and enjoy the fruits of your life’s labour. Pension and retirement planning can be a huge worry for those who feel that they may have left investing for their old age too late. By seeking advice from a professional financial advisor, you can help to reduce the worry and start making plans for your retirement.
This advice would typically involve:
- Providing a FREE and no obligation initial assessment of exactly where you are today
- Helping you to determine the lifestyle that you desire in the future and when that is to be
- Establishing a strategy, to help you to achieve your desired objectives
We would write to all of your UK pension providers on your behalf, to exactly quantify your existing benefits. We would then provide an analysis of all these schemes, together with advice on transferring them to an offshore QROPS arrangement if appropriate. Should these plans fall short of your stated requirements, we can then advise on suitable savings strategies to maximize your eventual retirement income.
The fear factor of pensions is a very real issue for people who realise, as they reach middle age, that retirement is fast approaching. Some of the concerns these people face and the issues they need to address include:
- How much money do you need for retirement? People are living much longer and are surviving well in to their nineties or beyond.
- How do you ensure that there is an ongoing income when a partner dies? This is often a concern for women, as they are more likely to live longer than men.
- How will inflation and currency fluctuations affect a fixed income?
- What about care costs for you or your partner?
On top of these common fears, many people who thought they had made a provision through an employer’s pension scheme realise the scheme is running on empty as they fight a losing battle to meet their ever increasing liabilities.
When it comes to pensions and retirement planning, the options are simple – you can either take responsibility for funding your own retirement and treat any state provision and inheritance as a bonus, or sit back and hope for the best
Remember… the financial decisions you take today, will determine the quality of life you will have in the future.