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Retirement Planning

RETIREMENT PLANNING

Review LIFE CHANGES to keep you ON TRACK for your RETIREMENT

EXPERT ADVICE

Regardless of the life stage you are currently at, it is essential to receive professional and expert consultancy on your pension wishes and goals. Whether you need to review existing retirement planning strategies or set up new ones, for your employees or for yourself, we have vehicles to help you make the most of your opportunities for retirement.

HOW MUCH

When you intend to retire does not matter, if you do not begin to plan for it now, there is a real chance that you could live longer than your savings. People are living longer, soon they will live just as long in retirement as they have in their working lives. Calculating how much money you are going to need for your retirement fund is fairly simple. Take into account all of your living costs and estimate how much income you think you would need annually from 65 onwards. Also take inflation into account and then times that figure by twenty 25. This will give you your magic number, the retirement amount that you will need to give you the income you will need in retirement.

START EARLY

The longer you spend saving, the more chance you give your retirement fund to grow. This is mainly because of compound interest – the snowball effect that happens when interest is added to your investments, which give you a bigger fund so you can earn yet more interest in the future. Imagine you had an account that paid you a guaranteed annual interest of 5%. If you could save £100 a month to that account from the ages of 25 to 55 then, because of compound interest, you would have £79,726. Comparatively if you were to wait until you were 40 to begin, you would need to save £298 monthly to get to the same amount. Losing half the time would mean three times the work.

It doesn’t matter how much progress you’ve made in preparation of your retirement, we can make sure you haven’t missed anything. We can help you build a retirement plan that is tailored your individual goals and needs, then help you stay on track as you grow older.

Review LIFE CHANGES to keep you ON TRACK for your RETIREMENT

EXPERT ADVICE

Regardless of the life stage you are currently at, it is essential to receive professional and expert consultancy on your pension wishes and goals. Whether you need to review existing retirement planning strategies or set up new ones, for your employees or for yourself, we have vehicles to help you make the most of your opportunities for retirement.

HOW MUCH

When you intend to retire does not matter, if you do not begin to plan for it now, there is a real chance that you could live longer than your savings. People are living longer, soon they will live just as long in retirement as they have in their working lives. Calculating how much money you are going to need for your retirement fund is fairly simple. Take into account all of your living costs and estimate how much income you think you would need annually from 65 onwards. Also take inflation into account and then times that figure by twenty 25. This will give you your magic number, the retirement amount that you will need to give you the income you will need in retirement.

START EARLY

The longer you spend saving, the more chance you give your retirement fund to grow. This is mainly because of compound interest – the snowball effect that happens when interest is added to your investments, which give you a bigger fund so you can earn yet more interest in the future. Imagine you had an account that paid you a guaranteed annual interest of 5%. If you could save £100 a month to that account from the ages of 25 to 55 then, because of compound interest, you would have £79,726. Comparatively if you were to wait until you were 40 to begin, you would need to save £298 monthly to get to the same amount. Losing half the time would mean three times the work.

It doesn’t matter how much progress you’ve made in preparation of your retirement, we can make sure you haven’t missed anything. We can help you build a retirement plan that is tailored your individual goals and needs, then help you stay on track as you grow older.