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Retirement Planning

Whether you are just starting to plan your retirement, or you have already retired, we can help you put together a financial plan that is tailored to your specific circumstances, objectives and the type of retirement you would like.

Retirement Planning has two elements. The first is choosing the best way of saving for your retirement. The second is selecting the best way to draw a retirement income from your savings, investments and pensions. This second element is our primary specialisation, with our service aimed both at clients approaching retirement and those who have already retired.

The decisions made at retirement will determine your income and therefore your standard of living for the remainder of your life. With increasing life expectancy and with the new found pension freedoms giving retirees access to pension funds from the age of fifty five, you could now spend over thirty years in retirement.

Whilst this longevity offers many opportunities, it also presents a major challenge – ensuring an adequate income. Our service is designed to help you make the right choices so that you don’t end up in a difficult position later on in life. The need here for professional advice is absolutely essential.

We believe that Retirement Planning should be part of a comprehensive, holistic Lifetime Financial Planning process which offers the proper management of all of your finances. This type of service provides financial direction and meaning and allows you to understand how one financial decision impacts on another. It is highly personal, tailored to the individual, and delivered by those at the top of the financial planning profession in terms of qualifications, expertise and experience.

Each Lifetime Financial Plan is unique – because it relates to your individual financial needs and goals. It will include tax planning, lifetime cashflow forecasting and investment management. For this, there can only be one remedy – specialist, fully Independent Financial Advice, which can provide unique answers to these unique situations.

At Coast to Coast we have the specialist retirement planning qualifications and accreditations combined with over thirty years financial planning experience, which allows us to provide personalised independent financial advice for your retirement planning needs, no matter how complex they may be.

We offer an initial meeting without charge or obligation at which we will provide information and guidance.

Following this, we will carry out a detailed assessment of your individual circumstances and needs including collecting and assessing all relevant personal and financial data and identifying your financial objectives.

We will then develop an agreed financial plan, a core part of which is building your lifetime cashflow forecast using appropriate modelling tools. This should demonstrate clearly where you are today and what you need to do to achieve your financial and lifestyle goals, which we will confirm in a detailed financial planning report explaining our recommendations.

Finally, we will implement your financial plan and if an ongoing service is selected, conduct reviews at agreed intervals so providing reassurance that if your objectives or circumstances change, your plan can be revised accordingly. Our review and forward planning meetings, regular updates and investment and financial planning reports are all part of the strategy we use to help you to meet your own objectives in life.

There are many benefits to this process, including having a greater understanding of your financial position – knowing what is achievable and what is not. It can also provide real peace of mind knowing that your finances are in order.

Case Study

Mr & Mrs F, having recently moved to Cornwall, required advice on their pensions and investments and how these could be used to support their income needs in retirement.

With Mr F also intending to continue consultancy work on a part time basis, they required a tax efficient flexible financial plan. Having assessed their needs and objectives and using various lifetime cashflow analyses, we constructed a portfolio for both their pension and non-pension investments from which they could draw an income, at the same time as minimising their income tax and inheritance tax liabilities.

The service agreed included ongoing reviews so ensuring that the financial plan recommended meets any changes to their circumstances or financial needs.

Please note we offer a free initial consultation without obligation.

The value of investments and income from them may go down. You may not get back the original amount invested.

Tax treatment is based on individual circumstances and may be subject to change in the near future.

The Financial Conduct Authority does not regulate tax planning.