complete financial planning under one roof
· Lifestyle & Cashflow Planning ·
· Independent Financial Advice ·
retirement planning
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retirement planning from one roof financial
In order to enjoy the lifestyle that you want when you stop working– rather than just existing in retirement, it is important to carefully plan. Having a clear idea of how you would like to live in retirement and what this will cost is the starting point of the planning.
We help you to consider your likely budget based on your current one taking account of the fact that some items will stop (mortgages, loans etc.), some will remain stable (household bills, food etc), and some will probably rise (recreation, holidays etc.). We will then establish what provisions you already have towards the overall target (including pensions, investments and cash deposits) in order to establish your shortfall. A plan will then be created to include recommendations for funding the shortfall in the most appropriate way taking into account investment objectives & timescales, attitude to risk and tax position.
The service that we provide will include:
- a full review of your needs and objectives;
- a ‘future desired lifestyle’ questionnaire to establish how much income you will need in retirement to provide for your desired standard of living;
- an appraisal to help you understand and measure your attitude to investment risk and you ability and capacity to withstand financial loss;
- explanation of the various types of pension scheme and how they work;
- an appraisal of your existing pension schemes to see if they are appropriate;
- help obtaining you State Pension forecast;
- an overview of the options that are available;
- a personalised retirement illustration;
- an individual pension recommendation based on your requirements;
- a written report of the recommendation for your records;
- completion of the application form(s);
- monitoring and updates (SMS, email or phone) whilst your application is being processed;
- an annual review meeting to ensure that the selected pension is performing in line with expectations and remains appropriate for you.
We can help with the following:
- funding for retirement
- stakeholder pensions
- self-invested personal pensions (SIPPs)
- your options at retirement (annuity, phased retirement, income drawdown etc.)
- personal pensions