Do you ever imagine what you would like to do in retirement or when your mortgage is paid off or even to retire earlier than you thought?

Some questions and comments I regularly hear when I meet people for the first time are:

  • Should I pay more off my mortgage or put more money into my pension?

  • I know I should save into a pension, but can you explain why it’s better than saving into a savings plan?

  • What will my pension pay me at retirement?

  • I am self-employed, can I protect my income if I am unable to work due to illness or injury?

  • I have pensions from a previous employment, can I get access to them on any level or what can I do with them?

  • I think I have mortgage cover, but I do not know what it does, can you explain it to me?

  • Should I pay more towards my mortgage and if so, what change will it have on my term and interest payments?

  • I don’t understand how a life assurance policy payment affects me if my partner dies.

  • What is the difference between Leaving Service Options and Retirement Options?

This is where our financial planning tool comes into effect. It involves a simple 3-step process:

  1. You will receive a link to a budget planner where you fill in your personal and financial details. This is a comprehensive budget and will take up to an hour to complete.

  2. You submit the planner and I review and prepare recommendations and advice.

  3. We meet to discuss the results of your report, your priorities and how you can better manage your money from a savings / pension / life assurance perspective.

Following this, you decide what step to take next. Either way this process will at the very least be an education to anybody who has no current strategy for retirement or savings needs. Contact us for further information.