Planning for retirement is a vital component of your overall financial strategy. With rising life expectancy and increasing state pension ages, building sufficient retirement savings has never been more important.
Retirement planning has two key phases. The first is preparing in advance to accumulate the funds necessary to support your desired retirement lifestyle. The second is ensuring those funds are managed effectively when you reach retirement, allowing you to generate the income you need.
It’s never too early to start planning. Even if you already have a pension, regular reviews are essential to ensure you’re on track to achieve the retirement income you want.
When you approach retirement, making decisions about how to access your pension benefits becomes critical. With numerous, often complex options available, professional advice is essential to make informed choices that best suit your circumstances.
