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Guide to Retirement Planning
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Why do I need to think about retirement?

The reality is most people between the ages of 18 and 40 years, are fully occupied trying to study, hold down a job and/or raise a family so thinking about retirement planning doesn't feature highly on the priority list.

However, increasing life expectancy, strained social security services and unreliable investment markets have created financial uncertainties which are forcing the Government and employers to increasingly transfer the responsibility for adequately funding our retirement back into our own hands.

The purpose of retirement planning is to achieve financial independence which enables you to choose whether or not you want to work after retirement age, rather than being forced to. Because the state and our employers can't afford to pay for of us to retire in the manner we'd like, the following questions are becoming more important to think about:

  • Am I ready to retire at the age, and in the way, I want to?
  • Do I have sufficient funds to retire?
  • What do I need to do to improve my retirement options?
Putting a retirement plan in place, not only allows you to maintain your standard of living, but also enables you to fulfil lifelong dreams.

Retirement planning is not just about knowing if you will have enough income to pay for your essential living costs such as rent, council tax, food and heating. It's also about ensuring you have enough for non-essential living costs too. For example, most people in retirement want to be able to:

  • Afford to live in and maintain their own home
  • Go on holidays
  • Run a car
  • Treat family members
  • Enjoy hobbies & pastimes
  • Maintain the same standard of life they had when working

Investing time earlier on in life, to think about and plan for retirement can not only increase how much you can accumulate financially, but can also increase your options at retirement and significantly reduce the risks of leaving things to chance. It's never too late to think about retirement planning, but the earlier you start the better!

PDF Guide Download the Retirement Planning PDF Guide here - see our other free PDF guides here

Guide Contents

What is retirement planning?
Why do I need to think about retirement?
What types of things do I need to plan for my retirement?
Who can help me with my retirement plan?
FAQs
Where can I go to get more help?

free retirement planning advice:
submit our form below today:
name:* tel no:* email:*
house no: postcode:* date of birth:
       
by sumbitting this form you're agreeing to receive a call regarding your pension circumstances from Reid, Scott & Ross.

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