Planning for retirement
Retirement is one of the most important aspects of anyone’s life, yet unfortunately few people are adequately prepared for their retirement years.
As state pensions and work-based pension schemes (final salary pensions) are in decline, the onus for planning a financially secure retirement now rests firmly with the individual.
There are seven key issues to consider when planning for your retirement:
- 1. Time – the longer you save the bigger pension fund you can build up.
- 2. Set a target – how much income might you need in retirement?
- 3. Contributions – set a level that is adequate to reach your target income.
- 4. Risk – what level of investment risk are you comfortable with?
- 5. Access – are you comfortable locking the money away until retirement?
- 6. Which product – stakeholder pensions, personal pensions, SIPPs, ISAs or even Venture Capital Trusts?
- 7. Regular monitoring.
Why Protection & Investment?
Our experienced advisers will go through the all these steps to help you establish your retirement ambitions and put you on a path to reach your goals. We combine our understanding of the pension marketplace with our knowledge of investments to ensure you get the best product with the best investment potential.
And if you have existing pension plans, we can examine those plans and help you make and changes needed to ensure you meet your retirement objectives.
Next steps
To discuss your retirement plans, contact us today for an initial, no obligation consultation.
Looking to consolidate your pensions?
Many people have old pensions that they have accumulated over the years, whether they are occupational pensions or personal pensions. This can make it difficult to understand your true retirement picture.
We offer a pension review service which can give you the peace of mind that your retirement plans are on track and your pension funds are set-up in the right way. We will review your retirement plans, your existing pensions and, if appropriate, we can bring all your pension together into one easily manageable structure.
Contact us now for a Pension Review.
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“ I needed someone I could trust and someone who I felt understood my investment needs and had my best interests at heart. I found Neil to be extremely professional and very thorough with the recommendations and have found the ongoing, proactive client servicing to be excellent. I feel I am in safe hands - Mrs S, London ”
