Have you ever considered whether you could retire early?
Whether you fancy travelling more, spending more time with family or grandchildren, or taking up a new hobby, an independent financial adviser could help you establish whether you have sufficient savings & investments to achieve financial independence.
We can work with you to establish the money you need to meet all your retirement expenses. These can include the essential bills, food, utilities, healthcare and costs associated with your home.
We plan for potential increased health costs, ensuring you have sufficient investments in case of an emergency. We then look at the lifestyle you hope to have during retirement and determine how much you would need in order to maintain this lifestyle and other luxuries.
A big issue at the moment is inflation, so we have to take that into consideration as well and consider that costs will rise over time.
Your retirement income may come from a private pension such as a SIPP, or from a workplace pension, but we also look at your savings and investments, and other assets such as properties. It may be possible to access the equity in your property. A Mortgage Adviser can help when exploring lifetime mortgages or downsizing options.
You may be considering a phased approach to retirement, with reducing working hours to a part time role or considering some voluntary work alongside a job. Enabling you to continue to contribute to your pension pot, rather than using savings too early.
We can consider all of the options and look at how you can meet your financial objectives, continuing to grow your investments and manage your money before and throughout retirement, adapting to meet your current and future income requirements.
Retiring early will mean less time to save, and it is important to seek professional advice to plan for your future.
If this is of interest, please don’t hesitate to get in touch. You can contact us by giving us a call on 01329 282882, sending a message to our Facebook page, or using our Contact Us page here.
A pension is a long-term investment not normally accessible until 55 (57 from April 2028). The value of your investment can fall as well as rise in value, and the income derived from it may fluctuate. You might get back less than you invest. Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.