Retirement Financial Advice in Post-Covid-19

These unfortunate times have taught us nothing but taught us that the future can be extremely unpredictable. We can’t quite guess what’s going to happen next. Things can be good this minute and can be completely the opposite the next. This is the new normal.

If you fit into the category of nearing your retirement, you’ll need to look at plans and consider your options. It is most likely that your pension pot has been hit by the economic instability and using it to purchase an annuity may have given you much less than you were expecting.

If you are already in your retirement, it is very important to manage your investments well in order for your income to last your whole retirement life.

If you still have a lot of time before your retirement approaches, we highly advise maximising your contributions by investing wisely, and always paying close attention to your tax allowances.

Now more than ever before, the value of financial advice has never been higher, for the value you receive in return. An adviser’s job is to help you walk through your long-term plans and goals for your future and make sure that finances are well organised so your plans and goals can be a reality.

Your pensions could be 30 years plus so it is important that your investments are well looked after according to your goals and preferences. This can be done by choosing the right products for tax efficiency, whether this is Pensions, ISAs, Bonds, etc, and maximising your allowances and planning for your inheritance tax (IHT).

With this said, you’ll need an adviser who you trust for the long term and you can rely on during these tough times, so they can help you manage your finances to ensure that your dream retirement life is waiting for you at the age you desire to retire.

Book a call with Retiro and let’s make your dream retirement come true!