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Retirement Planning

“Nothing, not even prison bars, can hold a man as securely as can poverty in old age.” Victor Hugo

When it comes to retirement many of our clients are unsure as to when they will want to retire, whether they will want to work part time or stop working altogether when the time comes. Additionally many are unsure as to how much income they will need to live the life they wish in retirement or how much capital they will require to fund it.

Traditionally pensions, whether via the state, employers or personal pensions were the great panacea for providing for the needs of those in retirement. However, in today’s world of increasing job mobility, reduction in real value of the state pension and increasing economic pressures on income, many clients find themselves unsure as to what benefits they have accrued or what they can expect from the investments they already have.

Planning for your retirement does not simply consist of investing in a pension and expecting it to provide the benefits you require when the chosen day arrives. Many other assets can and should be used to provide flexible and tax efficient income and capital streams in retirement. The maximisation of tax allowances, tax planning and investment advice, the choice of the correct investment products and the most efficient and effective way to take income in retirement are only a few areas that need to be addressed at the outset and on an ongoing basis both before and after you retire.

We recognise no two clients have the same wishes, desires and needs in retirement and this is why an off the peg one size fits all solution is unsuitable for you. What our clients desire is an effective and efficient initial and ongoing service that will identify and answer their needs and keep them informed and abreast of what they can expect, in financial terms, from their retirement. Whilst minimising the amount of time they need to spend making sure that their retirement needs are focused and on target.

No matter whether you are approaching retirement and require advice on the best way to provide income, or have already started to make pension provision, or if you are just beginning to plan your retirement, at M.D. Beckett Financial Services we will be able to help you plan and achieve the retirement you desire.