Pre-Retirement: Building a Strong Financial Foundation
Planning for retirement starts well before you stop working. Here are some key things to consider:
- Tax-Efficient Savings
Maximising contributions to pensions, ISAs, and other tax-efficient investment vehicles can help grow your wealth while minimising tax liabilities. Our Chartered Financial Advisers ensure you take full advantage of available tax reliefs and allowances. - Investment Planning
Investing wisely in a diversified portfolio tailored to your risk tolerance and time horizon can enhance long-term growth. At Howard Wright, we help clients balance their Investment portfolios between equities, bonds and alternative assets to generate sustainable returns. - Pension Contributions and Consolidation
Many individuals have multiple pension pots from different employers. We help our clients consolidate their pensions where appropriate, ensuring they benefit from better investment opportunities and lower fees. - Debt Management
Clearing outstanding debts, such as mortgages or high-interest loans, before retirement can ease financial burdens and allow more flexibility in retirement income planning.
Post-Retirement: Making Your Money Last
Once you’ve retired, the focus shifts from building wealth to effectively managing and preserving it. Here’s how we help our clients sustain their financial wellbeing in retirement:
- Sustainable Withdrawals
We will determine how much you can afford to withdraw from your pensions and investments without depleting your resources, which is crucial. At Howard Wright we create sustainable income strategies to ensure financial stability throughout retirement. - Tax-Efficient Income Planning
Withdrawing money in a tax-efficient manner can make a significant difference in preserving your wealth. We will structure your withdrawals from pensions, ISAs, and other investments to minimise your tax liabilities. - Estate Planning and Inheritance Tax (IHT) Mitigation
Ensuring your wealth is passed on to your loved ones efficiently is an important part of retirement planning. At Howard Wright we provide expert guidance on gifting strategies, trusts, and tax planning to reduce your overall Inheritance Tax exposure. - Adapting to Changing Needs
Retirement is not a static event, your financial needs evolve over time. As part of our ongoing service we will conduct regular reviews to adapt strategies, considering factors such as changes in health, market conditions, and personal circumstances.
Take Control of Your Financial Future
Retirement planning is not a one-size-fits-all process. At Howard Wright, we tailor strategies to your specific needs, ensuring financial security before and after retirement.
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Contact our team of Chartered Financial Advisers on 0345 688 4939 or use our 20-second enquiry form to discuss how we can help you make your money work harder for a secure retirement. We look forward to hearing from you and seeing how our award winning team can help make your money work harder for you and your family.
Disclaimer: The information provided in this blog is for general guidance only and does not constitute financial advice. We recommend seeking personalised advice from a qualified financial planner. Past performance is not indicative of future results. The value of investments can go down as well as up, and you may not get back the amount originally invested.
By choosing Howard Wright, you’re not just investing in financial advice; you’re investing in peace of mind for your retirement. Contact us today to get started.