Retirement strategies

It’s never too early to start preparing for retirement – a time when, if you’ve planned properly, you can finally relax and enjoy the results of a life of hard work.

We live longer than ever these days thanks to improvements in healthcare, nutrition and quality of life. In fact, it’s not unusual for people to live for 20 or 30 years after they retire – more than half the time they spent in employment.

Making sure you’ve got the income you need to maintain a comfortable standard of living in your later years requires forethought and care.

Pensions are the most common way of funding retirement but, increasingly, people are turning to other sources, too. Savings, investments and especially property are being used to generate additional recurring income, as well as forming the basis of a legacy to pass on at the end.

All of those create additional complexities in terms of tax, however, and it’s important to get advice if you want to avoid potentially costly mistakes.

When to retire and who to hand your business over to are other important concerns. Do you want to retire early and enjoy more years pursuing your own interests? Is there a child or protege you want to succeed you, or do you plan to sell up and be done?

To put it bluntly, the closer you get to the end of your life, the fewer options you have, so start the planning process as soon as you can.

Quality of life means more than golf courses, holidays and second homes on the coast – it also means looking after your health. It’s vital to make sure you have cover for late-in-life illnesses, long-term care and to adapt your living arrangements as you age.

Our team of experienced professionals can help you draw up and implement a solid retirement strategy, giving you the peace of mind to enjoy life both now and in the future.

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