Retirement planning involves thinking about your plans for the future now – that means investing your money with the aim of maximising its value ready for when you retire.
Careful retirement planning, the right mix of assets and starting sooner rather than later will help lead to the retirement you are looking for.
Historically, for many people, the traditional view of saving for retirement was to simply put your money into a pension, with few decisions to make in the run-up to your retirement date and no choice over how the pension was taken.
Having a pension today is recognised as just one important step along the path to achieving your dreams once you have stopped working. Now, not only must you carefully consider where you actually invest your pension money and how you are going to use your pension, but if appropriate you should also review other forms of retirement savings.
When building or reviewing your pension portfolio, there are a number of factors that will determine your strategy, including the level of risk you are willing to take. This is likely to change throughout your life, which means your investment strategy will also need to change.
Receiving professional financial advice plays a vital role in helping to make sure that your pension holdings match your risk profile and your investment goals.
If you have pension funds in excess of £150,000 and need further advice, call us on 01704 500324, or if you would like to receive a free guide, please register your details here.