Your current situation
For some people retirement is a long way off, or they know for sure that they just can’t afford to retire.
For others, either it’s an easy decision that the time is right, or maybe it’s something they want to do, but they’re not sure whether or not they can afford it.
For those in the first category, you’re on the wrong page I’m afraid! Best you head back to The Redundancy Journey.
If you’re pretty sure you’re going to retire, then becoming really sure is a good step forward.
Free resources
Pensions are clearly key to retirement for many people. You can get free advice on pensions from https://www.pensionwise.gov.uk/en if you’re aged 50+ – if you’re under 50 and considering retirement, then well done you – our guess is that you can afford to pay for advice!
https://www.pensionsadvisoryservice.org.uk/ is also a good free service, and you can get free advice at https://www.citizensadvice.org.uk/debt-and-money/pensions/.
But your pension is not the only factor to consider when retirement is a serious option for you.
What will your income be, from your pension and elsewhere? What liquid savings do you have, and what are the rules associated with those savings? What money do you have tied up that you can’t actually spend? A house? Other property? Perhaps a boat, or some items of significant value?
And what about your outgoings? How much are you likely to spend per annum, per month?
And will the answers about income, and expenditure, and funds you can’t access be the same in a decade? Or two decades? Will you go on fewer cruises? Will you have downsized, resulting in less monthly outgoings and more liquid capital?
And don’t forget about all the perks such as health care that you used to have but no longer do – will you need to replace and fund those extras?
Chargeable services
How do you wrap up all of those answers into a plan?
Well, maybe you get help. There are people out there who offer that help, as a billable service. Sometimes there are fixed fees for their services, sometimes you’ll be charged a percentage of the value of your estate, and sometimes you might be charged in other ways. Before you engage a professional to help you, ensure you understand how they make their money, how you will be charged, how much, and when.
If you already know / like / trust an advisor with whom you can talk, then you should go that route.
If you don’t know / like / trust someone like that, don’t worry, we do!
If you contact us with an outline of your situation and your concerns we can put you in touch with someone who we know / like / trust so that they can contact you to see whether or not they think you need help, what help that might be, and what charges might be incurred.
All of our contacts are very careful to ensure that they do nothing billable until they have your explicit go-ahead to make that happen. If you contact someone you already know, make sure they’re playing by those rules too!
So – might you want some help with this?
Contact us now – there is absolutely no charge to you for our services, but we do make a small commission if you spend money with one of our contacts, which they pay us when you have paid them for their services.
