Retirement planning
Retirement planning
At Futures Assured, we’re here to guide your financial future with over 20 years of trusted, expert advice behind us. Whether you’re looking to plan your upcoming retirement or would like advice on your current retirement plan, our advisors are here to support you.
It was Benjamin Franklin that once said “Failing to plan is planning to fail”
This is particularly true for retirement planning as failing to plan could potentially lead to financial hardship in retirement. Therefore, the earlier you plan your retirement strategy the more likely you are to achieve your goals. This is true whether you are 20 or 55 years old so the time to start is right now!
Why start now?
Most people will not receive their State Pension until age 67 and this would unlikely provide sufficient income to meet their needs. The current maximum State Pension for 2018 – 2019 is just £164.35 per week.
Even if you benefit from an employer’s company pension scheme or a workplace pension, you may still find that this is not adequate to allow you to retire at the age you want or with the income that you need.
Reviewing your pension provisions
It is important to review you current pension provisions to ensure they meet the following objectives:
- To provide sufficient income in retirement, at an age you wish to retire
- Invest with-in your attitude to risk
- You are Investing in good performing funds
- Offer competitive charging structure
At Futures Assured, we are specialists in pre-retirement planning and are able to offer our clients a full retirement analysis. This means establishing your desired retirement age, the income that would be needed to meet with your desired standard of living, reviewing all existing arrangements to ensure they are aiding your retirement planning and any further pension planning required to achieve these goals. Start planning your financial future today.
- When do I get and how much is the State Pension?
- I have an old company pension but how do I find out about it?
- Does my existing pension company need to provide my retirement income?
- What are the tax implications?
- How much tax-free cash can I take?
- What is Flexi-access drawdown and is it right for me?
- What would my spouse receive should I die?
Getting it right
(first time!)
Making the wrong decisions can be very costly and could leave you stuck with them for life. With Post Retirement Planning it is vital than you seek professional advice so that you can get any questions answered and have a clear picture of the options available to you so that you can make the necessary informed decisions.
Futures Assured, we’re specialists in advising on post-retirement planning. We are able to offer our clients a full post-retirement analysis. This would include establishing your goals and objectives in retirement, your income requirements, reviewing all your pension provisions, explaining all the options available to you, answering all your questions and most importantly advising you on the best way to achieve these goals. Start planning your financial future today.