Retirement Planning

Financial Planning for Retirement

From time to time we all think about retirement but don’t always consider it in financial terms. The simple fact; is if you want to maintain your standard of living in later life, the sooner you start planning for retirement the better.

How we can help

Historically pensions have been very complicated to the point that many of us are actively discouraged from considering them as a vehicle to save for retirement. Post ‘A Day’ it is fair to say that there has been an improvement, however we can guide you through the complexities and tell you in plain English how to manage your current pensions and whether you should make any changes to provide you with the level of income you want in retirement.

At Smith Osborne Associates Ltd. we can cover the following issues with you:

Why should you start a pension and how much should you contribute into it?

You may have options available to you through your employer which could be extremely beneficial to take maximum advantage of. We will work with you in ensuring that these compliment any other arrangements you may have. It is always worth remembering that Retirement Planning is not just restricted to Pensions and there may be other more appropriate vehicles to achieve the aims and objectives you have.

What to do with existing Pensions?

You may have built up a number of Pension policies but do not understand how or where they are being invested, and equally as important, how they are performing. As a valued Client of Smith Osborne, we work together with you to achieve your financial goals right the way up to retirement and beyond to make sure your plans come to fruition.

What will happen when you retire?

How you secure your income in retirement has never been more important. With average life expectancy continuing to increase the decisions you make when you retire are likely to stay with you far longer than used to be the case. Traditionally investors have converted their investment fund to an annuity through the pension fund provider. However, this may mean missing out on a significantly higher income.

At Smith Osborne we believe our advice is invaluable. By spending time fully considering your needs in retirement, we will find the best solution by carefully researching the many available products from the whole marketplace.