Retirement Planning in Melton
are you ready to enjoy life to the full when you retire?
Financial Planning For Retirement
don't leave your future to fate
Now that we’re living longer, we’re viewing retirement through a different lens. No longer a time to wind down and wait for life to end, it’s the start of an exciting new chapter with countless opportunities to make the most of the years ahead.
As pensions and tax legislation become increasingly complex, planning for retirement has never been more important. The decisions you make now can have a huge impact on your ability to remain financially independent, no matter what the future holds for you.
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Retirement Planning
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Retirement Planning
There’s no getting away from the fact that planning for retirement is a complex process. Taking it in stages, we start by looking at where you are today in terms of your income and commitments before moving on to how you want to enjoy life in the years to come.
There are other important considerations such as long-term care, pension protection and the financial implications of you passing away before you retire. Our job is to do a full audit that covers every scenario, stress testing your financial plans to highlight any areas of concern.
Don’t worry, you won’t be drowning in detailed spreadsheets. But you will know your numbers when it comes to how much you need to save and how long your money may last. You’ll also understand how tax breaks can be used to increase your pension contributions – and how we can manage risk by keeping our assumptions conservative.
The earlier you start planning for retirement, the better. We like to talk to people in their mid-30s, so they have enough time to settle into a regular pattern of saving. For business owners and entrepreneurs, the conversation often starts in their mid-20s. But it’s never too late to review your finances, even if you’re approaching retirement age or you’re considering early retirement, perhaps as a result of voluntary redundancy.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.
For individuals and families in Melton, AMG Wealth offers retirement planning advice from chartered financial planners. You can meet us at our office or at home, or choose a video call, so the first step is easy to take.
If you are in Melton and wondering what retirement planning covers, this is the short version. Retirement planning is about working out what income you might have, when you could start taking it and where it will come from. That usually means looking at your workplace pensions, any personal pensions, your State Pension and your other savings together.
Most of the people we work with in Melton want to leave an inheritance for their children and want to get it right. We go through what you have, what you want to happen, and what that could mean for tax. There is more on estate planning here.
Your first meeting about retirement planning in Melton is about you. We start by listening. No predefined process. No time pressure. No hard sell. Call us on 01332 551155 or send us your details when you are ready.
For the wider picture in Melton, see financial advisers in Melton, read about retirement planning, or look at estate planning in Melton. The same advisers look after all three.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested. The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is dependent on individual circumstances.