If you’re serious about enjoying a comfortable retirement with an adequate pension, then you need to get serious about obtaining the professional advice you need to achieve your objectives.
Pension planning is notoriously complex and it’s all too easy to ‘put it off until tomorrow‘. However, the reality is that too many people fail to spend the time planning, save enough for the future, find that their chosen mix of assets fail to perform, or discover too late that they have insufficient protection for their family.
A good independent financial adviser/planner (IFA) can help you to achieve your goals and to secure your financial future, offering value in the following areas:
1. Goal achievement
It should always start with thinking about what you really want. Your financial adviser can help to map out what you would like your retirement to look like and in turn to meet key milestones, such as putting away enough to fund your future holiday home and finding the right mortgage for it! A good pension plan will help you to look forward the future and the chance to realise your dreams after years of hard work.
2. Return on investment
All investments need to perform to be worthwhile, but choose the incorrect asset classes and diversification and you could be at risk of seeing your hard-saved money dwindle away and fail to keep pace with inflation. Professional financial advice will allow you to enjoy a healthy return on your savings and investments, in line with your personal risk profile, and one which also offsets the cost of the advice itself. Research shows that clients with financial advisers end up 39% better off in retirement. [1]
3. Securing your future
Financial security is essential to know that you will have sufficient money in later life to be financially independent, and not need to be a burden on your family. No one wants to face the prospect of living on the minimal government pension, so a healthy private pension is essential. [2]
4. Protection
A financial adviser will help to ensure you and your family are protected financially against unforeseen events such as illness, redundancy or even premature death.
5. Peace of mind
When you use a financial adviser you can relax knowing that you have been supported professionally in making the right choices for your own needs, and have obtained the best available deals on the market. Research by Unbiased shows that a third of people who made financial decisions without the help of an IFA, later regretted it. [3]
6. Avoidance of mistakes
When you operate alone, you risk making mistakes or becoming the victim of fraud. Your IFA will prevent that risk from occurring.
7. Knowledge and fresh opportunities
Perhaps most importantly of all, your financial adviser will give you an insight into the fascinating world of finance and pension planning, giving you new ideas for planning your own future and preparing to enjoy your dreams.
If you have any questions about how to support yourself in retirement, speak to us at Citywide Financial Partners today.
References:
[1] http://www.
[2] https://www.unbiased.co.
[3] https://www.unbiased.co.
Categories: Financial Planning, Security, Wealth Management
