At the beginning of your retirement journey, or in the countdown to retirement, you should make sure your pensions and other financial matters are in good shape.
The Retirement Journey
I have been advising clients and writing about retirement options for over 25 years and I have seen people travel through the four stages of retirement first hand. In my experience, those people who have taken advice, or planned for their future retirement have more financial security and peace of mind than those who did not plan ahead.
No matter where you are on your journey, perhaps at the beginning or point of retirement or even in later life, it is never too late to make sure your financial affairs are in good shape.
When you reach retirement age you can convert your pension pot into cash and income to fund your retirement plans.
Throughout your time in retirement you should constantly review your pension income (if you have not arranged an annuity) and your investments.
As you get older it is important to make sure you have a valid and up to date will and if necessary make arrangements for a power of attorney.
If you own your house and need some extra money, perhaps for home improvements or to fund care, you might consider equity release.
The retirement Journey
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If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.William Burrows
Call: 07730 435 657
Leeds Innovation Centre
103 Clarendon Road
LEEDS, LS2 9DF