Best Financial Advisors in Wakefield

The usual starting point when it comes to starting a plan for retirement is income and expenditure. However, it can often be difficult for people to envisage what their life will be like in say 10 or more years’ time. That’s why Lifetime has retirement planning professionals who use specialist software to give customers an accurate picture of what you need to do in order to achieve your plans, and will give you advice on your best course of action prior to, and throughout, your life in retirement. That ‘financial picture’ will have a comprehensive breakdown of current lifestyle costs, including essential expenditure, debt repayments, leisure activities, holidays, one-off expenses etc. It will also incorporate changes, such as the ending of a mortgage and other expenses, and make relevant adjustments. Various different scenarios can be shown, right up to a customer’s 100th birthday. Many people say they expect to retire in their mid-sixties, or close to their state pension age. That means that their retirement income could well have to last for 20 to 30 years. It is a fair chunk of your life! Your finances determine a lot of your choices in life. We find that those with a financial plan are much more likely to have the necessary funds to realise their goals and objectives in retirement – and to identify obstacles, if any, that need to be overcome. Get in touch if you need help planning for the day you finish work:...