When thinking about retirement the first thing you should do is to get a feel of how much income you will need. You want to be in a position where you can comfortably enjoy your well-deserved leisure time.
Initially, it is worth looking at what you spend now and how this might change when you retire. It can be surprising how many costs you will no longer incur. Commuting expenses, work clothes and lunchtime sandwiches to name just a few. On the flip side, you may want to spend more time on your hobbies and those holidays you have always promised yourself.
The above is only some of the options available to you and it’s important to assess the ways to use your income in the most tax-effective way. It is also a good time to asses the level of risk that you are taking with your pension and investments.
We are a firm of Independent Financial Advisers (IFA’s). This means that the advice given by our financial planner is unbiased. So, unlike some financial advisers, we look at all the financial solutions available to you.
Why not arrange a meeting to see have we can help you plan? The initial “getting to know you” meeting is at our expense. We make use of cash flow modelling tools that will help you see what your retirement finances will look like. You can view a short video by following this link to see how this works.
Meetings can be arranged at a time and location convenient for you. Our Head Office is located at-
Also, our financial planners live and make use of meeting rooms in-
We can also arrange a meeting online so there is no need to visit an office. The choice is yours.
If you have any thoughts or comments on this article, “Retirement income. What choices do you have?”, then we would love to hear your views.