Retirement planning can be a difficult and confusing process. Many people don’t realise that they will fall short of their retirement expectations unless they seek expert advice and manage their pension investments accordingly.
Retirement planning is crucial as life expectancy is increasing and the birth rate in the west is falling. This means that most governments can no longer be guaranteed to fund their citizens’ retirement. As healthcare and lifestyles improve, people are living longer, meaning that lucrative final salary pension schemes have also become too expensive for most companies to fund.
What Does This Mean for You?
It’s time to take control of your own financial destiny and start the process of retirement planning today. The more we hear politicians, financial and economics experts warning us to take control of our pensions, the more we need to listen.
Ideally, you want to make sure that you have enough income and assets to live the lifestyle that you want. What makes retirement planning more difficult is determining what that lifestyle will look like, what it will cost you and predicting how your needs might change over time. Then there is the challenge of dealing with the many variables that go into the process and the pace with which they change, which can make a relatively simple process suddenly sound a lot more daunting and time-consuming.
Retirement Planning with Forth Capital
Our advisers will analyse your personal circumstances and calculate if there is a shortfall in your pension requirement. To get an initial indication of this, remember you can try out our pension calculator, and remember to let your adviser know if you are concerned about achieving the level of retirement you’ve been working towards.