Retirement Planning

When people get in touch about their retirement planning, the triggers tend to be reaching the stage where they’ve had enough of work, or they’re getting a bit stressed out doing the work day-to-day, and they are wondering for how much longer they need to continue.

They’ve often got no indication as to when they can afford to retire.

They haven’t really thought about what life in retirement looks like or, more importantly, what it will cost.

There’s loads of information out there about planning for retirement and the costs involved, but often people need to sit down with someone like me and have a professional make sense of it all.

We chat through all of the options together and work out what’s actually best for them.

A financial plan is really good for that because it takes all of that into consideration.

It’s so important because that’s what you’re going to be spending your money on.

But actually knowing what your limits are in terms of how you’re going to spend your money is very important because you’ve got to make the money last throughout retired life.

And if you spend too much too soon, you’re missing the opportunity to boost your pot of money again if you like.

It’s very important that that’s done and not in a really stringent way to be to a fun sponge and take the good out of it for people.

But be realistic and consider, this is what I’m going to think about and these are my plans for this year. ‘I’ve got a big year next year because one of the family, one of the daughters are getting married or we want to do a particularly special holiday next year because there’s special wedding anniversary.’