You are enjoying the fruits of your labour. Pastimes, hobbies and family come to the forefront.
You are no longer saving for retirement but are actually enjoying retirement. Can this continue and for how long?
James' story
James, 75, retired after selling his business for a tidy sum. This was invested by his previous financial advisers in a range of investment plans. All of these generated considerable amounts of paperwork each and every year!When James saw the value of his investments fall during the “credit crunch” he became very worried. He thought he might lose his portfolio (from which he drew an income to help fund his retirement) and thus have to cut back on his lifestyle.
Introduced by an existing client, financial planner Nick told James that Lifestyle Financial Planning was about “giving people money peace of mind”. This was exactly what James was after.
With Nick, James worked out what income he needed each year to maintain his lifestyle. Then, via a bespoke Lifetime Financial Forecast, Nick showed James that, based on prudent assumptions, he could actually invest in a safer, less risky portfolio and still never run out of money!
Now James has a streamlined, elegant investment based on his actual needs and goals, rather than guesswork. Because the portfolio is less risky James no longer frets over stock market movements. There is a lot less paperwork as well!
