Why is Retirement Planning Crucial?

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Many of us are still not planning well, or early enough and have a ‘tomorrow will do’ attitude. This is worrying for one simple reason – we are going to live longer than most of us think.

Those approaching retirement today have many more opportunities and challenges to face than their parents ever did.

Knowing our chances of living to our late 80s and beyond leaves us with one fundamental question – will we have enough money to enjoy the lifestyle we desire for what could be 30 years or more after we stop work?

Forward planning

Getting sound financial advice throughout the different stages of retirement will help identify which products can help you achieve the income you need.

Although it may seem a long way off, making robust financial plans now for late retirement will give you the peace of mind to enjoy your early retirement years – safe in the knowledge that you will be able to live the lifestyle you desire further down the line.

A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of the fund at retirement, future interest rates and tax legislation.

Testimonial

"I am nearing time to release pension funds and required advice on pensions. Kam offered advice as to their comparative advantages and reviewed my future needs against assets and savings. I am happy with the outcome. On-going advice anticipated."