Retirement Planning In Telford
Our dedicated team of Chartered financial planners, based in Telford are here to help you with your retirement planning.
At Howard Wright we have helped many Clients in Telford plan for and achieve a successful retirement.
At Howard Wright our retirement planning process is different. We have created our very own Retirement Options Report, which simplifies how to plan for your retirement whilst still giving you all the information that you need.
To start your retirement planning we look to have an initial consultation to discuss your current financial situation, future financial situation and your retirement objectives.
Once we have an understanding of your financial situation and your retirement objectives we are then able to provide you with your very own tailormade retirement options report.
This report will highlight your full retirement options; for example what is the most tax efficient way of taking your retirement income, is it best for you to purchase an Annuity or take a regular income from your Pensions known as drawdown?
If Drawdown is the recommended retirement option for you, then our retirement options report will highlight what level of investment return you will require from your Pension to provide you with your desired level of income in your retirement.
Our services are on an initial and ongoing basis to ensure your retirement plan is not only on track on day one, but it is also regularly reviewed to ensure it stays on track to achieve your objectives.
Option 1 – Purchase an Annuity
A Pension Annuity will provide you with a guaranteed income for the rest of your life.
You need to consider if you would like your income to increase each year and also if you would like it to be payable to a dependant should you pass away before them. These choices will all have an impact on the amount of income you will receive from your Annuity in retirement.
As part of our retirement planning process, we compare your Pension Annuity to the open market annuity rates. This is to ensure you get “the best deal” the highest amount of retirement income possible from your annuity as other providers will often provide a better rate, than your current pension provider today.
This is why we have invested heavily into our Annuity sourcing software to find the best rates possible for our clients when looking to purchase an Annuity.
Option 2 – Drawdown
For those clients of ours who don’t wish to purchase an Annuity, many favor the option of an investment drawdown. This involves keeping your Pension invested and drawing a regular income from it. This gives you greater flexibility and control over your retirement plan, rather than a fixed income for the rest of your life.
It’s important to bear in mind that a drawdown approach doesn’t have the guaranteed element of an Annuity, investment markets fluctuate all the time and this will have positive and negative effects on your Pension.
As part of our retirement planning service we will inform you of the most tax-efficient way of taking your investment drawdown, and what level of investment risk you require, to achieve your objectives in retirement.
Howard Wright Retirement Options Report
To simplify your retirement planning further, we have created our very own retirement options report explaining all the benefits and considerations you will need to make to achieve your retirement objectives.
This report has bespoke illustrations to your circumstances and is tailormade to your requirements. One of our Chartered Retirement Planners will then recommend and implement a number of products to target your objectives.
Our Chartered status is the gold standard of our industry and is an assurance we operate to the highest standards.
To start your retirement planning today and book your free initial consultation with one of our Telford based Chartered Financial Advisers, you can call us on 0345 688 4939 or email us at [email protected] we will be more than happy to help you in any way possible. We look forward to hearing from you.
“Following my recent annual meeting, I was very pleased to learn that my balanced portfolio has seen investment growth of 10.93% over the last year, even when taking my annual drawdown I was left with a healthy capital growth on top.
I feel that Howard Wright have managed my portfolio extremely well over recent years and i would certainly recommend them”
“Eleven years ago I retired and not being financially educated I was faced with what was the legal and financial implications in accessing my retirement fund. Initially it was panic stations with the plethora of options and pitfalls to overcome.
At this point I was introduced to the Howard Wright Organisation that was very local. My first meeting quickly unravelled the options available, and without any external pressure I was able to make my decision concerning a Draw Down Option.
Considering the volatile market and financial nightmares over these past 11 years my decision has been proved correct. They have protected my fund and allowed me to sleep at night by operating a brilliant flexible system that continually updates me, plus a brilliant start of year meeting so I can assess the way forward for any upcoming period.
We are so pleased with the outcome that when my wife retired she went along the same route”