Can you afford the retirement you’ve dreamed of?

Do you have a clear idea of what your retirement will be like? Do you want to travel? Move abroad? Help the grandchildren? Retire early? Buy a yacht perhaps and sail off round the world? More importantly do you know if and when you’ll be able to afford to do so?

Do you really have any idea of what your assets and liabilities will be worth when you retire, what the cost of living will be (whatever your plans) and what you need to do to make sure the reality measures up to the dream?

Retirement may still seem a long way off and with all life’s variables, it’s tempting to think that working out what you’re likely to have and need is complicated, time consuming or even a waste of time. But the reality is that having a plan and achieving your retirement goals is almost as easy as one, two, three.

Step 1 – Plan what you want to do   

The first port of call when we help you plan for your future is to get a clear picture of what you want to achieve, why, how and when. It’s a holistic approach and at the very heart of making sure you have enough money to live on. If you know what you want to achieve, what you want to do and how you want to live, it’s a whole lot easier to work out how much you need in order to achieve it! And the more detail the better.

Step 2 – The techy side: cash flow planning

The next stage is to get a clear picture of your assets (cash bank accounts, pensions and any investments) and your liabilities (what you spend, outstanding mortgage or loans), so we can perform what we call cash flow planning. It’s the precision engineering of the financial planning world and our state of the art software factors in all sorts of data such as investment growth, inflation and interest rates. We can also model other variables such as different retirement ages, the death of a partner or care home costs. The result is a clear forecast of what your finances are likely to look like when you retire.

 Step 3 – Staying on track  

Once we have an idea of what you want your retirement to look like and what your assets are likely to achieve, we can start to plan with you what, if anything you need to do to close the gap or stay on track. We can forecast your financial future and make recommendations about when and if to make lifestyle changes such as downsizing, drawing down your pension or selling your business. We can plan for future tax liabilities. And we can make sure you invest in a way that matches your retirement goals.

Sit back and enjoy your retirement

Life isn’t static, so we can continue to keep your finances under review to make sure you reach your goals but with a little help from us, you can enjoy life before and after retirement knowing that you will have enough money to fulfil those dreams.

If you’d like to know more, why not give us a call or make an appointment today.

Derek Evans

01444 237820

01444 237821