Retirement Planning

Retirement Planning

Real Retirement Planning avoids you falling into conventional “Retirement Traps” and allows you to make plans for the rest of your life, so that the rest of your life is free of worry.

Real Retirement Planning avoids you falling into conventional “Retirement Traps” and allows you to make plans for the rest of your life, so that the rest of your life is free of worry.

How is that possible in the financial world today?

With Central Banks policies forcibly suppressing interest rates and global markets seemingly in melt down, how do retirees or soon to be retirees cope with such uncertain markets?

Many financial and pension Institutions, seem oblivious to the rather dismal future facing many people in their retirement years. Their recommended portfolios often include high proportions of fixed interest bonds, a choice that would have made sense before policies of financial repression but not now. Not with almost all economies in competition to devalue their currencies, and with negative or poor yields from fixed interest investments.

As with any financial decision in life—buying a home, funding a college education—the best results are achieved by carefully constructing a plan and then following that plan consistently over time. For real retirement success one need to consider how to make best use of the 30 or 40 years ahead and ensure that you remain in control of both your financial arrangements and your health.

Human nature being what it is, most people can’t wait to take monies out of their pension and enjoy several holidays and or buy a new car or house, in the deluded belief that growth in their pension funds will continue as in years before.

It’s all very well looking at life with rose-tinted glasses, but life can be unkind and bad things can happen to nice people.

The current economic and geo-political climate is bad new for retirees if you don’t take your future retirement seriously and plan. That includes not relying on normal assumptions for inflation, growth and forecast yields on investments.

Most financial advisers offer retirement planning, but often they offer nothing more than managing the investment funds in your pension arrangements.

Simply offering investment planning is only partially effective at assisting clients, that’s why we believe a more comprehensive services should be offered to clients.

Pension fund preservation
One of the fundamentals of retirement planning is to calculate the safe withdrawal rate from your retirement funds. No easy matter given the very volatile market conditions that are likely to be the new normal. That is why we utilise trend investment strategies to better navigate uncertain markets.

Pension Fund enhancement
There is considerable scope for many clients to increase the monies in their pension funds, they simply require hand on guidance to understand the steps needed to achieve this.

Tax Efficiency on transfer of pension after death
Most people want to take care of their beneficiaries by facilitating the most tax-efficient way to pass assets after death, almost invariably this is not arranged in a proper and suitable manner.

Inheritance Tax Shelter
Care must be taken to ensure that pensions remain free of inheritance tax, yet one major pension company provides an option, which if elected – would remove the IHT tax shelter from the pension arrangement.