At retirement, the focus of your financial planning shifts to preservation of capital and maintenance of lifestyle.

The importance of professional planning, as early beforehand as possible, cannot be underestimated.

With average life expectancy in retirement rising all the time due to better healthcare and living conditions, it's vital to plan to help ensure these important years of your life are spent in comfort and security.

It's never too soon to start planning for retirement. The three key sources of income you will expect during retirement are:

State Pension
Employment Pension
Personal Savings and Investments

As a general rule, people need at least 80% of their pre-retirement income in order to maintain the lifestyle enjoyed whilst working.

Retirement is expensive - you want to be able to maintain your lifestyle, not feel as though you are watching every penny in order to get along.

Most people have high expectations for their retirement - it's the time to enjoy life and do all the things you were unable to do whilst living with the constraints of family and your working life.

It is important to start your financial planning for retirement well in advance - don't wait until it's too late! The earlier you begin planning, the more choices you have and the greater your chances for a successful and happy retirement.

Talk to Fluent IFA - we're experts and available to work with you in order to provide guidance at this very important stage of your life.