An Enhanced Annuity pays a higher income in retirement if you have a medical condition that may reduce your life expectancy.
At Retirement
You've reached Financial Independence
Lucky you! Its finally time to ensure some well earned you time and do the things you've hopefully been planning for. We don't actually like the word retirement and prefer to use 'Financial Independence' because regardless of age, everyone is striving to be Financial Independent but what it looks like is different for everyone. Whether you are finishing work at 50 or 70, we need to build a plan to see you through the rest of your life and that ties in with any other income sources you may have.
Our advisers can help you with those decisions and ensure you make an informed choice about the best option for you.
- What income do you need to live on?
- Do you need any capital for any expenditure such as home improvements, holidays or a new car?
- What savings have you got? Are they inflation proofed?
- Do you need a guaranteed income or something more flexible?
- Do you understand the risk involved in different types of assets?
- Are you worried about how your needs will change as you get older?
- Do you have an inheritance tax problem that you need to plan for?
These are just some of the questions that you need to consider as you approach 'retirement'. Sitting down with a specialist and looking at your financial future can be a great comfort to people approaching this stage in their lives. Having someone tell you that you are going to be ok and to ask your questions to can put your mind at rest.
The needs of people in retirement are different to the working population and its vital to take advice in this area to ensure you are getting the most of your assets and your options.
We use the latest tools and technology to not only project what your financial forecast looks like but to look back at data since c.1900 to look at the probability of that plan coming to fruition. We will challenge you with questions to ensure you have thought about all aspects of this time of your life so that you don't become unstuck later on.
Call KBA today to book an appointment with one of our advisers on 01942 889883.
Income Drawdown is a more flexible alternative to the traditional annuity route, offering greater choice and control for many people.
On 6 April 2015 new pension rules came into force, giving you much greater flexibility over how you use your pension savings and the options you have in retirement.