Planning for retirement is likely to be the most decisions in your personal finance plans. The Government changes the rules around retirement often. When to retire? How much money will I need? What about my future travel and spending plans? I have older plans, which don’t make sense. What are my options?
So how well funded are your retirement income plans for later life? What about the possibility of requiring care in your own home or in a care setting? The average cost of care in the UK today is £47K per annum. Have you factored that into your retirement plan? Don’t worry, our retirement specialists take all of the changes in demographics into account when helping you to work through your retirement planning. Call Assured Wealth and Estate Planning today to book a FREE and impartial review.
Retirement planning is complicated, with so many different ways of saving for retirement and subsequently taking your retirement income as tax efficiently as possible. You may have several different pension schemes:
Each will come with a different forecast. You may well have a, buy-to-let property/properties, or even a final salary scheme. Will all of the income from these schemes be enough? How can you tell? Our planners show you how to make sense of all the plans. When to take each one, how to take them and how to reduce or illuminate any income tax or Capital Gains (CGT) that may be due. Getting advice early is key.
Financial Planning is at the forefront of our advice process here at Assured Wealth. Having an Independent Financial Adviser (IFA) work through and develop your own tailored lifetime cash-flow plan, can allow you to plan effectively for your financial future.
A cash-flow plan is a detailed report that shows you how much money you will earn and spend each year up to age 100 (if you are lucky enough to live to that age!). It takes into account all the things you wish to do in life (your bucket list) and shows the effect of doing those things on income in later life. It will also identify shortfall in protection should one of the family die, become ill or disabled during their lifetime. So start living the life you have always wanted and book a review today.
The report runs a “Montecarlo” simulation looking at the worst case scenario for your investments (interest rate and inflation rate changes) and gives you an overview of all those risks and how to overcome them.
It’s great for scenario building. So when you see your financial future laid out in front of you each year, you may ask what will happen if I retire two years earlier? What if we buy a home overseas? What if we give away a property now to our children? What if I take the redundancy package from work now? How these all play out are possible from this detailed report.
To see a copy of the report, simply complete the request by entering your details in below.
The UK mortgage market offers new deals every day. With so many new offers on mortgage rates available and the choice of charges for setting up your deal, choosing the right one can be a minefield. Our advisers run a fully independent mortgage comparison for you, showing you all of the available options.
Simply looking for the lowest headline rate may cost you more in real terms over the life of the deal. So if you want to make sure you’re getting the best deal in the marketplace that is right for your own circumstances, contact the adviser team at Assured Wealth today.
Decision two: Do you then opt for fixed rate or variable rate?
Decision three: What length of mortgage should I chose?