An Introduction to Retirement Planning

Retirement planning involves visualising your key goals for your retirement years and setting up a plan to help you achieve those goals through financial planning.

When visualising your retirement, you need to ask yourself:

Do you have a bucket list which may mean spending more in retirement?
How much money will you realistically need to live on during retirement?
What pension savings do you have and what income will these provide?
What age do you want to retire at?
Do you want to retire fully or consider a phased retirement?
What State Pension are you entitled to and at what age will this be paid?
Are other considerations such as passing money down the generations important to you?
Any additional capital needs in retirement that impact your retirement savings?
How long can you expect to live?

If you want to prepare for the lifestyle that you want in retirement, please read the guide below.