There is more to retirement planning than simply undertaking a pension review. It will be highly likely that as a client of Langham Financial Management your income stream in retirement will be provided from a number of sources.

retirement planning

That said, in considering the adequacy of your current provision ask yourself the following:

  • Are my contributions to my current retirement schemes sufficient to provide the level of income that I require in retirement?
  • I have a number of different pensions, could I save costs by combining them to a new scheme?
  • Do I have the correct investment strategy taking into account my attitude to risk or the income target that I have set?
  • How much do I need to contribute so that I will have sufficient income once I retire?

For others it will be:

  • Do I have enough money to retire now?
  • Will I have to supplement my income by working part time?
  • Will I run out of money?

Since the New Pensions Freedoms have been introduced, additional questions have been:

  • What are the new options available to me?
  • Do I need to change my nomination of beneficiaries to take advantage of the new death benefit rules?

Langham Financial Management can help you answer all of these questions and others. We will help you map out a retirement strategy and to keep you on track for a comfortable retirement.

Accessing pension benefits early may impact on levels of retirement income and is not suitable for everyone. You should seek advice to understand your options at retirement.

The value of investments can go down as well as up and you may not get back the full amount invested.