In many cases, people passively accept whatever pension is available, being forced to perhaps continue working and adjust to a lower standard of living.
At Optimum, we prefer a more proactive approach. Our review service starts by assessing the level of income required, understanding your existing provision and if it will be too low for your needs, work with you to develop a strategy to help you build up the funds required.
Whilst the State is looking to extend our working lives (State Pension age will be 67 by 2028, rising to 68 by 2046) our experience is that people’s expectations are quite the opposite with many looking to provide the option of retiring earlier and enjoying retirement to the full.
Having spent your working life building your pension fund now approaching retirement, it is crucial to make the right decisions on how you arrange your retirement income.
Nowadays, investors have much more flexibility when it comes to deciding how and when to take their benefits. Whilst such retirement choices offer undoubted greater flexibility it is even more important to seek professional guidance when making these decisions as such action will affect your income for the rest of your life.
Work with us to discover how to tailor a retirement planning strategy to your specific needs and maximise your post tax income in retirement.
The value of an investment and income from it can go down as well as up. Capital is at risk.