Have you planned for your retirement years?

Retirement planning is a relatively modern concept.

If you go back 100 years most people expected to work until they died or at best be supported by their children. Even 50 years ago retirement would have meant 5 to 10 years of fairly quiet life before you died.

Today most people looking to stop working in their early to mid 60’s would expect to have 10 to 15 years of active life doing all the things they didn’t have time to do when they were at work. This of course requires money which is where the problems can start.

Clearly the state will provide some benefits, many people have their own plans and some people may be fortunate enough to receive an inheritance or other windfall. It is though now widely accepted that many will simply not have enough money to maintain their standard of living let alone go on 1 to 2 holidays a year.

At the start of her reign in 1952 the Queen sent out 255 100th Birthday telegrams. By the end of 2014 the number had increased to 7517.

Figures from the Office for National Statistics at the same time showed 13,780 people were over the age of 100 in Britain, compared with just 6,860 in 2000 AND It is now estimated one in three children born today will reach 100.

The main issue here is that we are all living longer and so our finances need to stretch further. It is clear that State pension benefits will be limited and that the government purse is already stretched. So you will need to be considered, careful and you will need to have a plan which is where we can help.

Call the office today for a FREE initial meeting where we can discuss with you a financial strategy to help you achieve your plans and goals for when you reach the point of your own retirement and for the years beyond.