Retirement means different things to different people. For some, it’s a time for relaxing or taking a well-earned rest after a busy career. For others, it’s an opportunity to travel, spend more time on hobbies or to achieve all the lifetime ambitions still left on their wish list.
We can help you to achieve the lifestyle that you would like in retirement.
You will probably have given some thought as to when you want to retire and the level of income you might require when you do so. However, it is important to have a clear plan for how you’re going to achieve your retirement goals. This is particularly true at a time when:
- people are living longer
- there are various changes to the State Pension
- final salary pension schemes are closing down
- new pension freedoms on how funds can be drawn have been introduced
Individuals now have a much greater responsibility for managing their investments for their retirement and determining how much they will need in order to retire in comfort.
Without effective planning, retirement may not meet expectations and early retirement is becoming an unrealistic dream.
Below outlines the regional trends in saving for retirement :
(Source: Scottish Widows Retirement Report 2018)
Have you planned and prepared effectively for your retirement and when did you last review your plans to ensure they’re on course to achieve your retirement goals?
At David Allen Financial Services we advise on retirement planning and will review your current arrangements and agree a strategy with you to ensure your retirement goals are realised.
Contact a member of our team to arrange a meeting.