Retirement Planning
Are you on course for the retirement you really want?
So you have a pension, and you are making contributions. So far, so good.
But is it enough to allow you to enjoy the retirement you were hoping for?
How we can help
We can analyse your pension provision in relation to your target lifestyle, and give you an honest assessment of whether it’s right for you.
We’ll look at everything, from the date you want to retire to your current circumstances and future needs.
Once we can see the bigger picture, we’ll be able to plan out your path to a happy, comfortable retirement.
Whatever needs to change, we’ll suggest the perfect solution for you, and we’ll guide you through the whole process of setting it up.
The sooner you act, the better your retirement will be.
Case Study
A couple's retirement planning journey
For most people retirement looms a long way off! But it is never too early to plan in order to ensure that you reach your retirement income goals.
I met these clients ten years ago when they were 48 and 50. They were concerned about their multitude of workplace pension policies collected through thirty years of work.
The first thing was to understand their objectives, when they wanted to retire and how much annual income they wanted. Secondly, we needed to establish how close they were to their objectives.
After discussing their personal circumstances and reviewing their budget we established they wished to retire in ten years on an income of £50,000pa. Initially we analysed all their accumulated wealth and calculated the value of their savings today. We added into this the £600pm monthly savings which would continue and, using our Cash Flow Tool, we projected this to age 58 and 60.
Finally, we measured this against the amount of capital they would require to reach their income objective to see if they were on target or if there was a shortfall. There was a small shortfall which they agreed to fund at £200pm.
We consolidated all pensions and investments onto one platform after selecting appropriate investments based on the client’s risk profile and objectives. We continued to meet once a year over the next ten years to ensure the clients remained “on track”.
By following a plan, the clients are living a happy and comfortable retirement on £50,000. This is drawn from pensions and investments, which we will continue to manage throughout their retirement.
