As you get closer to retirement, you may start worrying more about what that means for your finances.
You may be wondering whether your finances will allow for an early retirement, or how the Pension Freedoms will affect your pension and how you can access it after the age of 55.
It is important to start planning as early as possible. Once you stop working, you could be retired for 20-30 years. Which is a long time, when you need to make a set amount of money last to support your lifestyle.
There are many ways to retire, and everybody approaches later life with a different outlook. You can stop working altogether, reduce your hours, or turn to consulting to supplement your income. Financial planning will allow you to find the route that meets your needs and helps you to reach your lifestyle goals.
You may be looking forward to becoming a grandparent or wanting to help out with a family occasion, such as a wedding.
Throughout life, there are significant changes that we cannot predict, no matter how hard we try. So it is important to make sure that your finances can support you, no matter what comes your way.
Recent policy changes have opened new opportunities when managing your retirement fund and pensions. You may have plans to access the money you have put aside for the future for immediate plans, but it is vital to make sure that doing so will not jeopardise your quality of life in retirement.
I am a Pension Transfer specialist; meaning I have extensive expertise in advising people who are altering their pension arrangements.