When we are asked about what is important to us, our priorities will be driven by our past experiences, our present position, or a mixture of the two. Knowing what matters and why is an important part of planning for your future.
So, when do you want this future to become a reality? Are you looking to retire at 45 and travel the world or are you happy to work till you are 65 so you’re mortgage-free and secured enough to help your children in the future? If you don’t have a specific time frame in mind, another approach is to ask yourself, what kind of legacy do you want to leave behind? How do you want to be remembered and by whom?
There are some useful concepts and actions that may be helpful to consider as part of that process. Ines Uwiteto, Private Client Manager at 7IM, has shared her thoughts on this matter:
Whatever stage of life you are at, we offer unbiased expert pension and retirement planning advice. Our professional, qualified Independent Financial Advisers will look at whether your current pension arrangements are likely to help you achieve your retirement goals. If not, we will recommend actions to take and the likely effect of them in order to secure your financial future.
We ensure that you fully understand all of your numerous retirement options and that you don’t have to take the first offer from your existing pension provider. There is nearly always better value to be had from the open market when considering annuities and the new flexible pension option should also be fully considered.
Our impartial advice takes into account all of this as well as the latest retirement and pension legislation, including the new limits on lifetime allowances. If necessary, we will also recommend any steps you can take to limit your tax liabilities.
We can also review all of your existing arrangements and look at the performance of the underlying funds, the charges being levied and assess the projected income at your chosen retirement date.
Call us now on 0114 235 3500 or email us at: firstname.lastname@example.org to arrange a free consultation.