STEP 1
Planning
The goal is to make full use of your money during your retirement. Make sure it lasts as long as you do but make sure you don’t have too much left when you die either!
Planning isn’t compulsory – it just makes spending & investment decisions easier
Can we retire early? How much can we afford to spend? Can we give some money to the kids now? I’m sure we have enough to travel more, but I can’t convince her (or him)!
We start with reality checks to make sure your spending plans aren’t too optimistic or pessimistic. We then match your investments to your spending plans. Finally we devise an investment strategy to ensure your invested money is appropriately diversified until you’re ready to spend it.
Circumstances change over time so the Investment Plans are checked and adjusted regularly. Checking your figures annually will keep you in control. Most people have a time frame of decades and it’s impossible to plan spending or investments that far ahead. So it’s essential to review and adjust annually.