Simon Hawker, Lonsdale Services independent financial adviser St Albans and member of the St Albans financial planning team
Simon Hawker, IFA, St Albans - Understanding your Retirement Options?
Friday 22 September, 2017
Simon Hawker, Managing Director, Lonsdale Services and member of the St Albans Financial Planning team said:
‘It is never too late to plan for your retirement. At Lonsdale Wealth Management we offer lifetime financial planning to help you achieve your financial goals in retirement, whatever your age. Our independent financial advisers will explain how your retirement options are affected by the ‘Freedom & Choice in Pensions’, so you achieve the retirement you want.
Our retirement guide – ‘Your Retirement Options: Freedom & Choice’ explains what you need to consider at different stages of your life with case study examples. For more information about your retirement options read Daniel Stansall, independent financial adviser and member of the Barnet financial planning team – 'Do you understand your new pension choices?' And 'Why you should regularly save into a pension’
Before Retirement
Some way off
If you are 45-55 years old and you are planning to work for the next 10-15 years you may not be thinking about retiring but you can still prepare. Does the recent change to state pension age affect you? Read Ray McHugh, independent financial adviser, Barnet financial planning team – Do changes to state pension age affect you?
Almost there
Many people start reviewing their retirement options when they are 5-10 years away from retirement. If you are going to contact a financial adviser read Deb Nolan, independent financial adviser, Leeds / Bradford – Why get independent pension advice
Reaching Retirement
Your choices
When you are close to retirement you may be taking many decisions about your work/life balance. You may want to stop working and take income from your pensions, work part-time to supplement your pension income, or keep working full time and live off your salary rather than your pension.
When you are making these decisions it maybe helpful to set up a Lifetime Financial plan and visualise your wealth by understanding how your current and future income expenditure, life events and other decisions will affect your financial future.
In Retirement
More freedom
You may now be fully retired and receiving an income from your pensions and other investments. Read Richard Porter, independent financial adviser and member of the St Albans financial planning team’s case study – Generating tax efficient income in retirement
Taking it easier
As you get older you may need less pension income as you aren’t travelling as much.
Later life
In later life your financial priorities may change if you have health issues or long-term care costs. The type of financial planning you require may change if you want advice about legacy and estate planning. Read Allan Ross, independent financial adviser and member of the Ware financial planning team’s case study – Mitigating inheritance tax
