You’ve retired so it’s only fair your financial adviser gets to retire too right? We meet clients who have ‘lost’ their adviser to retirement, have been ‘sold’ with a business or who just want to sense check their current situation. Some retirement options are fixed such as annuities and final salary pension schemes, so in these circumstances, we can only provide information and hopefully some reassurance about your current plan.
In other circumstances, a more meaningful review can be done. This includes clients in income drawdown who can sometimes benefit from lower charges or more modern or appropriate investment strategies. We can also use cash flow modelling to illustrate the sustainability, or not, of current drawdown rates, and adjust the financial plan accordingly. Looking at your overall circumstances we might recommend restructuring your income to make better use of income tax allowances or inheritance tax exemptions.