Retirement Income

Retirement Income

· Pension benefit forecasting
· Asset backed annuities
· Conventional & index-linked annuities
· Phased and income drawdown
· Alternatively secured pension 
· Rearranging non-pension capital  

Money is the 6th sense - it helps you enjoy the other five. This is particularly true when it comes to retirement income and enjoying life after many years of hard work. Gone are the days of finishing a lifetime's work at 65. People now want much more flexibility, perhaps reducing work hours in their late 50s and continuing part-time work for many more years.

It is vital to plan well ahead of taking retirement income as the size of fund will determine the level of benefits available; very little can be done to change this at retirement. 

Advising on retirement income is all about listening to what you want:

  • What are your plans - stop completely or mix work and retirement?
  • What cashflows are needed to maintain your lfestyle?
  • Are there specific objectives you wish to achieve - for example travel?
  • What risks, if any, are you prepared to take with your retirement income?
  • What protection is needed for dependants?
  • How do we minimise taxation on any death benefits?

The success is in the financial planning, both before and at the time of commencing benefits.

 
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