Retirement may seem a long way off, particularly if you are only just starting out on your career, but it is never too early to starting retirement planning – and, if you’re a little older, it is never too late.
So where do you turn to for retirement planning advice? You try an online calculator, plug in some details about your personal circumstances and acquire some bald information about how you will be placed financially when you retire.
But how do you interpret that information? And, if it looks like you may have just the State pension to live on, is there anything you can do about it?
What is retirement financial planning?
In a nutshell, retirement financial planning is what you do to ensure you are financially prepared for when paid work comes to an end. What will your income be? Where will it come from? Will it meet your retirement needs? Will you have the financial freedom you require?
Everyone’s aspirations are different, and everyone’s financial situation is different, so for effective retirement planning you need bespoke retirement planning advice.
PENSIONS AND TAX PLANNING GUIDE
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INVESTING FOR RETIREMENT INCOME GUIDE
To DOWNLOAD this FREE guide which sets out the basics of Investing for Income when you Retire, please click the button below: