Retirement Planning & Investment
Retirement is a major life event that should the inevitable not occur early, everybody experiences. It looks and means different things from person to person but it signals the same for all – the end of your working life. The key thing to remember where your retirement is concerned is this; it’s not just when you retire that’s important, it’s whether you are financially secure to retire too. It helps to know what that looks like and when that is.
After a long working life, retirement is something you should look forward to, not something you dread. The only way to achieve a financially secure retirement (without winning the lottery or inheriting a large sum of money) is to plan effectively throughout your life for when that moment arrives. Why leave anything to chance?
Planning includes putting in place tax efficient savings plans like pensions and other investment strategies to support you in reaching your financial goals. Mapping out your retirement and understanding your income & expenditure goals/needs and any major life events that may affect your plan in the future.
Your retirement goals may include having more time to spend with family or travelling the world. You may want an expensive sports car or to simply spend more time enjoying your hobbies like golf, watching live football or rugby more. These all cost money one way or another.
The fact is, your retirement, your retirement goals and your retirement needs are truly personal. You should have a personalised retirement plan in place to deliver the peace of mind the future you needs.
Whilst we can all have thoughts and dreams about what retirement looks like for ourselves, knowing how to plan and save to ensure it becomes possible can be difficult.
Most people say they’ll “get round to it at some point”, however, history tells us that that “some point” can easily become “never”. Then, before you know it, it’s too late to do anything about it. A goal to retire at 55 becomes 60, then 67 and before you know it, 70+.
Creating a desirable life to live after your working life ends begins way before you approach retirement. It starts by making prudent decisions today.
Whether you are just starting your working life, or looking forward to imminent retirement, we are able to provide comprehensive Independent Financial Retirement Advice and Retirement Planning to guide you through the complex choices you may have to make. After all, retirement planning is not limited to pension plans, but should include many other tax and investment strategies.
Our team of multi award-winning Chartered Financial Advisers in Colchester can help you plan effectively for your retirement. They’ll take you through our tried and tested six step process to ensure your retirement plan helps you achieve your later life goals and financial needs.
Areas they’ll discuss with you include:
A lifetime cash flow forecast.
A plan that takes account of taxation, flexibility and sustainability which may include: Annuity purchase, Capped and flexible drawdown or scheme pensions.
The effective use of a combination of planning strategies, not just pensions.
A sustainable and appropriate investment strategy for retirement.
To understand the benefits of planning your retirement in more detail or to gain more of an understanding on pensions, download our free guides below
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Further information about Pensions & Retirement:
Pensions & RetirementNews & Case Studies
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Using Pensions & ISAs to provide liquidity in times of property market stressPosted in Financial Planning, Financial Advice (+4 more), on 23.06.23 Read The property market can be unpredictable at the best of times, and during times of stress, it can be difficult to liquidate...
***UPDATED*** After the UK Budget, should I pay into my pension again?Posted in Financial Planning, Financial Advice (+6 more), on 22.03.23 Read “Following the budget, should I pay into a pension again? And what about if I have existing transitional LTA...
Retirement is not what it used to be. With the old certainties of state and occupational pension schemes long gone, planning your finances for later life has become a matter of private investment.
Indeed, for many people, planning for retirement will be the main, if not the only reason they engage with the world of investment and wealth management. When something as important as financial security in your golden years depends on it, it makes sense to turn to seasoned professionals who you can trust to steer you in the right direction.
At Fiducia Wealth, our financial planning experts are on hand to provide a full range of financial retirement advice and retirement planning services, whatever age you are. Whether you have just started out on your working life or you are ready to retire, our award-winning team will always be able to give you an honest appraisal of your circumstances and advise you on the best options for achieving a comfortable retirement.
As specialists with a broad range of expertise across investment strategies, asset management and tax regulations, we are ideally placed to give you the complete picture on financial planning for later life beyond the traditional pensions route.
If you are still in work…
We understand that there are plenty of other financial commitments in life vying for your attention, not least setting yourself up with a home and raising a family. The idea of raising sufficient funds to see you through the last couple of decades of life without working can seem daunting, while planning for a distant future might be low on the list of present priorities.
However, our friendly and approachable team are here to make long-term wealth accumulation ready for retirement straightforward and painless. You can never start too soon, and whatever your current commitments, we can always find a way to build an investment strategy around what you can afford. Click here to read more about our approach to pre-retirement financial planning.
If you are about to retire…
It is time to consolidate the assets and wealth you have accumulated over your working life and make a thorough appraisal of your financial means going forward. As well as releasing capital as required and arranging finances to get the maximum from them, at-retirement planning should also include an on-going investment strategy to help fund a sustainable lifestyle in your later years. Click here to read more.