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.

An Introduction to Retirement Planning