Pensions and Retirement Planning

What Is Pension and Retirement Planning about?

We are now living longer and as a consequence we need to make our retirement savings work harder to provide income and preserve capital for longer.

As a result, more and more people are working with their Financial Brokers in taking responsibility for and planning their post-retirement income needs.

If you would like to enjoy a similar standard of living in retirement as you do now, you will need to plan for it.

It’s important to think about how much money you might need in the future and whether you will have enough to give you the lifestyle you want. You might be eligible for the State Pension but can you manage on this alone? Also, you may want to retire before your state pension age.

Making the right choices now could make a big difference to how much money you have in the future. Saving into a pension plan could help you achieve the perfect lifestyle that you have always been dreaming about. Please click on link Pension Review on points you may like to discuss if you have a pension already in place. 


Options on retirement

On retirement, you may have the option of transferring all or some of your retirement fund into an annuity or other approved scheme that will provide a regular pension income. 

For Personal Pension plans, Master Trust & PRSA the options available on retirement include:

  • Purchasing an annuity
  • Investing in an Approved Retirement Fund (ARF) 

Please refer to a comprehensive guide in link Pre – Retirement guide to Individual Pension Arrangements.

For some general conversation points that may be asked please click on link Post Retirement and link Guide to Post – Retirement Income Planning and Options.

Let us help you, at no initial cost, to review your current financial situation covering all expenditure and income, prioritising your financial goals and then providing you with a written report recommending a course of action that takes your aims and objectives into account.

It is then up to you after that as to how you may wish to proceed and you are not under any obligation to us. (See also our About Us and our News Section).