It can be tempting to think of retirement as the final financial hurdle; after all, your pensions, savings and investments are now carefully placed to serve you well for the rest of your life.
For most people, this simply isn’t the case.
Life changes. Plans change and goals change. You may have retired before Pension Freedoms came into place, presenting more options for your retirement income. You might be concerned about Inheritance Tax; something you hadn’t considered before retirement. You may have even retired without a financial strategy, and are now worried about the sustainability of your income.
Even if you retired with a perfect financial plan, it may not be fit for purpose for the rest of your life.
Retirement planning is an ongoing process that must adapt and adjust to your life, goals and needs. Whether you retired with a strategy or not, it’s never too late to set things right and achieve the lifestyle that you want.
We’re a firm of Chartered Financial Planners, with years of experience in working with individuals who have already retired. We specialise in reality-based financial planning; bringing the real things that you want to achieve – and the real life that you want to attain in the process – to fruition.
We will:
Listen to your concerns and worries, both for the long and short term
Understand your personal goals, aspirations and plans
Assess your existing financial situation, including any pensions, savings and investments
Use cashflow modelling to map out various "what if" scenarios
Recommend financial solutions that will help you to achieve your goals
Guide you on an ongoing basis to ensure the sustainability of your income and the suitability of your financial plan
Inheritance Tax mitigation – Andrew and Christine
Andrew and Christine were beginning to plan their future and what would happen to their wealth when they passed away. They were particularly worried about how much of their estate would go to the Exchequer on their deaths, rather than their preferred beneficiaries.
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