Retirement Planning
Why is it important?
Retirement should be a time for you to enjoy and do the things you want to.
Planning for your retirement can seem complex and overwhelming, and there are many reasons you might lack confidence in your retirement plans.
We help you determine when and how you can retire and work with you to make sure your plan stays realistic.
For example, you may ask yourself:
- When can I afford to retire?
- How much will I need in retirement?
- Are my spending plans realistic?
- How should I derive my income from my assets?
Are you planning for specific retirement goals?
People who are confident about their retirement are most likely to have specific retirement goals and know what steps they need to take to reach them.
But sadly, we meet many people that do not feel confident that they will have enough savings to live comfortably after they retire. Often people do not know what they need or even what they have.
The earlier this is addressed, the easier it is to have a plan in which we can have confidence.
This is where we could help. We help you determine when and how you can retire and work with you to make sure your plan stays realistic.
So, have you been thinking about your own retirement?
We are sure you have worked hard to get where you are right now.
And every now and again you sit down and think… I would love to retire, relax, and enjoy seeing friends and family.
However, as you think about your retirement, more questions start forming:
- When can I retire?
- What assets make up my retirement provision?
- Where are my old pension pots and how do I find them?
- Can I afford to buy a holiday home?
- What about gifting some of my money to my children?
While looking for answers, it is so easy to get confused trying to understand the different pension arrangements, investments, and their tax implications.
Would you like a retirement plan tailored for your specific needs?
With retirement planning no two plans are the same. This can make it challenging and confusing, as the best solution for someone else might not be the best for you.
We help reach your goal by building solid financial plans with tailored advice for you, so you can get the best solutions.
So, why should you talk to us?
We understand the complicated financial jargon and make it simple for you to understand, and we will put a comprehensive retirement plan in place to meet your specific needs.
To find out how we can help you, please call our team on 01832 279170 to arrange a meeting or complete our contact form and we’ll come back to you as soon as we can.
Key retirement planning tools
Many people think that retirement provision and pensions are the same thing. They are not. Retirement planning encompasses not only pensions, but other investments, business assets, land and property and any continuing streams of income. The balance of these assets and the nature in which they are used are hugely important in developing a plan.
Whether we are discussing pensions, investments or the sale of a business or property, ensuring that these are part of a coherent plan to enable a successful and happy retirement is critical.
In our experience, decisions on pensions often go unchecked for many, many years. Changes in pension legislation, retirement ages as well as your own situation means that long-standing pensions are sometimes poorly aligned with your own goals.
So how do you know if your retirement provisions are suitable?
We take the stress away from you, by assessing and monitoring your pensions and other assets, so you know exactly what is happening and why.
We also work with you to make sure you can still enjoy your life now as well as do the things you want in the future.
Retirement visualiser
A key part of the service we offer is use of our retirement visualiser tools.
We can create powerful plans that can show you if you will have enough to retire, and if you will run out of money in retirement.
We then use the plans to monitor and update your finances so you can see if you can afford to go on that once-in-lifetime holiday, or even buy your dream car!
Understanding the process
We look at your pensions and understand their nuances, so that we know what you are already invested in. We then can work towards creating a retirement plan that works for you.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.