Posted on: 15 May, 18
Welcome to our Guide to Retirement Planning. In recent years, retirement has become more about the opportunity to enjoy your life after work. Your finances are a huge part of achieving that. With the maximum State Pension currently £8,546.20 (2018/19) a year, you’ll need to decide if this is going to be enough for you to live on when you retire.
However you see your retirement, it’s important not to worry about your money running out. We’ll help you to establish your goals and priorities and review your existing pensions and investments, calculating expected future income and how much you might need to contribute.
It’s Never Too Late To Get Started
When planning for retirement, the truth is that the earlier you start saving and investing, the better off you’ll be, thanks to the power of compound interest. And even if you began saving late or have yet to begin, there are steps you can take to increase your retirement savings. It’s never too late to get started. Life changes when you retire – and so does how you spend your money. Whatever your plans, it’s important to keep on top of things and think about the lifestyle you want.
Everybody’s circumstances are different, but the key consideration for most people when they think about retiring will come down to factors such as: how much money they think they’ll need in retirement, if they plan to phase their retirement by working part-time, their life expectancy and health, and how much money they’ve saved in pensions and other investments.
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Copyright © 2013 - Oury Clark.