Have you reviewed your pension or pensions, recently and do you know how much you have saved for your retirement?
If not, you are not alone as around 62% of people do not know how much they have saved!
More importantly, do you know how much income you will need in retirement to maintain the lifestyle you want to have?
If you have answered no to both questions, you need to seriously consider a review of your retirement planning.
By reviewing your planning, one of the following will happen:
- You have got sufficient money to meet your retirement needs
- You need to invest more to meet your retirement needs
- You need to revise your retirement goals based on the amount you will have available in your pension
- You do nothing and risk running out of money in the early stages of retirement
At Ellacotts Wealth Planning, we are pensions and retirement planning specialists and are able to help you meet your retirement goals and understand how much your retirement will cost. We can work with you to put a retirement plan in place so you can be sure you know exactly how much money you’ll have available from your pension.
Information for readers: This material is published for the information of clients. It provides only an overview of the regulations in force at the date of publication, and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material can be accepted by the authors or the firm.