Retirement Planning
Are you on track to creating the lifestyle you want and deserve in the future?
Planning for your retirement today gives you more choices than ever before. By understanding precisely what you’ll need to get to where you want to be, Bradstock Bourne will ensure you’re prepared for the future so you don’t have money worries.
Living for another 30 years after work isn’t just a possibility, it’s a probability. Whether retirement is many years away or just around the corner, unless you start planning for retirement now, there is a great danger that you could outlive your savings. The earlier you start planning, the easier it will be to create the retirement lifestyle you want.
Time of your life
Regardless of what retirement looks like to you, the key is to be in a position financially to enjoy this time of your life, while making sure you don’t outlive your retirement savings. If you’re on the path to or currently in retirement, you will want to make sure your money goes the distance. There are a number of different options that could form part of your retirement plans, including; Salary Sacrifice, Pension Consolidation, Personal Pensions, Flexi-Access Drawdown, Auto-Enrolment, Small Self-Administered Pension Scheme (SSAS) and Self-Invested Personal Pension (SIPP).
Utilising pension allowances will also help you save for your retirement more tax-efficiently so it’s critical that you have a good understanding of the tax rates. For example, you may well decide to invest your money into a fund that is suited to your risk profile where income can be taken from the natural yield of the investment. By carefully considering your options, and using the available allowances, we’ll make sure you’re on the right track for the road ahead.
Approaching retirement
The key as you approach retirement is to keep track of your pension contributions so that you know if you’re getting close to your annual pension limits. And if you didn’t manage to set up a pension in your twenties or thirties, the good news is that it’s never too late to start putting plans in place to fund your future retirement.
Whether you are employed or self-employed, the Independent Financial Advisers at Bradstock Bourne will take the time to understand your financial ambitions and help you understand how to achieve the level of income you would like in your retirement.
To find out more, please contact Bradstock Bourne.
Learn more about our services
For a complimentary, no obligation consultation, please contact our highly experienced team of In-dependent Financial Advisers on (0115) 941 8585 or email info@bradstockbourne.co.uk.
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