Summer retirement: How Markland Hill can help
From starting pension withdrawals to figuring out the steps and ways to retire early, it can be equal parts exciting and overwhelming to think about retirement. If you are thinking about taking the plunge this summer, read on.
‘Retirement’ traditionally means no longer having to work, but maybe you’d like to keep working in a different capacity. Taking your pension benefits while carrying on working in your current job, either with the same hours or reduced, is becoming ever more popular.
Your vision for retirement may seem hard to imagine. That’s where quality financial advice can play an invaluable role.
Advice can be instrumental in helping you work out your retirement plan by offering expert guidance tailored to your individual circumstances. Here’s how a Markland Hill Wealth Independent Financial Adviser can assist you:
Understanding Your Goals and Needs
We will assess your financial goals, lifestyle preferences, and retirement aspirations.
Risk Tolerance Evaluation
It’s important to determine your risk tolerance to create a retirement strategy that aligns with your comfort level.
Creating a Comprehensive Plan
This is important to help you establish a realistic retirement budget, considering expected expenses and income sources. We’ll also help guide you through the various types of pensions (e.g., workplace pensions, personal pensions, state pension) and help maximise your pension benefits from sources accumulated over your lifetime.
Maximising Retirement Income
We advise on different ways to draw income in retirement, such as annuities, drawdown plans, or lump-sum withdrawals and help you understand your state pension entitlements and how to claim them.
By leveraging the expertise of a financial adviser, you can develop a robust and personalised retirement plan that ensures financial security and peace of mind for your retirement years.