Retirement Financial Advice in and beyond Covid-19

These crazy times have made us all think again, about our futures, our finances and the shape the world will take.  Economies have been brought to their knees and social change has been accelerated towards science fiction.  Uncertainty is…. Normal.

If you’re approaching retirement you need to look at your plan and consider your choices.  Your pension pot will probably have taken a hit and using all of it to purchase an annuity may give you much less than you were expecting. If you’re in retirement it’s very important manage your investments well so that the income they generate lasts for your full retirement.  Minimising your withdrawals whilst markets are low can help reduce long term losses.  And if you’re luck enough to still have a way to go until retirement then maximise contributions, invest wisely and keep an eye on your tax allowances.

The value of financial advice has never been higher.  It’s an advisers job to talk to you about your long term plans and goals for your future and make sure that you organise your finances in the best way to make sure that this becomes a reality.   We need to choose the right products for tax efficiency, whether this be Pensions, ISAs, Bonds etc, and maximising your allowances and planning for Inheritance tax (IHT).  Don’t forget that your retirement could well be 30 years plus, and so your investments need to be well looked after and managed according to your goals and preferences.  Importantly, you need an adviser for the long term that you can rely on and work with in these tough times.

Parker Financial Advice are independent (IFAs) based in Cheltenham, who choose products from the whole of the market.  We want to be your trusted advisers for 20, 30, 40 years… for life.  Get in touch with us if you’ve got something on your mind or want to get a plan in place.