What does ‘retirement’ mean to you? This might sound like a strange question but it really isn’t! It can mean very different things to different people. We see it as a process, rather than an event. It needs to be planned for and adapted to, like any major change in life.
You’ve been working, probably for decades. When this comes to an end, there aren’t just the financial aspects to consider. What are you going to do with your time? How will you adapt to no longer being a significant member of a team at work? How will you and your partner get on with each other?!
Retirement can be a complicated process, we understand that. We’ll help guide you through the financial and the emotional twists and turns you’re likely to encounter so you have clarity when you step in to this very exciting time of your life!
Retirement is a VERY big deal!
You’re likely to have been working for many decades. The concept of no longer doing this can be exciting and scary at the same time. We understand that and will do all we can to help the transition.
We’ve helped many people cross the threshold by helping them plan, financially and mentally, and making their transition as smooth as it can be. There’s a lot to consider and it’s certainly not just about financial products!
It’s never just about the Money
The value of your pension pot and investments probably isn’t your primary concern. It’s whether or not they can support the lifestyle you want after your working life. Can you do all the things you want to without running out of money?
What are your goals? What are your dreams? What does a great retirement look like to you? Yes, the money’s important but it’s only there to facilitate what you want your life to look like.
A considered approach
We’ll help you plan by first looking at the lifestyle you want to live and why this is important to you. We can then look at the numbers and show you that everything’s going to be OK or, if not, what adjustments you need to make.
Without knowing what you want the longest holiday of your life to look like, how do you know what the money side of things needs to do for you? It’s got to be in the right order. Then you can decide if you need an income, a lump sum, an annuity, drawdown, etc.
Setting things up
You’ll need to get off on the right foot. Making sure your pensions and investments are aligned to what you want to achieve is a key part of our work. This includes keeping things tax-efficient and making sure you have all the flexibility you need.
Once that’s done, you’ll have confidence that your retirement income (including your state pension) is in order and this will give you the platform to live a retirement as free from financial worry as possible.
Time will Tell
Things are always changing in life. Once things are set up for you, it’s vital to review things regularly so you always know you’re going to be OK. Over time, you’ll feel confident you have control over your financial destiny!
Things certainly don’t go to plan. How will you know if a major change in your life (desirable or otherwise!) is going to impact on your financial security? We’ll help you with that.