How much do I need to retire?
‘‘How much is enough for my retirement?’’ It’s the one question we get asked more than any other.
Our answer always starts with “Enough for what? How do you really want to live your life?’’
If you are you asking yourself ‘how much do I need to retire?’, then you should also be thinking carefully about what is likely to make you happy in retirement. The answers might surprise you!
For some, it’s spending more time with friends and family, for others it might be working part-time if that still gives you a sense of purpose.
Retirement is changing and we need a new conversation. Using our Financial Life Planning philosophy, we believe that a great retirement plan consists of a thorough understanding of what you already have financially, together with a series of conversations about what is most important to you and what you would like to achieve with the rest of your life.
We will then translate this into a financial plan that gives you clarity and certainty for your long-term future.
Using sophisticated financial modelling software, we will create a model of your financial future so that you can see if you are on track to achieve your goals and make the most of life along the way.
We will model various scenarios, such as when you might want to stop working and how your investments might perform, until we find the scenario that suits you best.
If the scenarios suggest you don’t have enough to fund the lifestyle you would like now and in the future, then we will look at ways to deal with this.
On the other hand, if it looks as though you have too much, we will encourage you to chase your dreams and aspirations and build some “guilt-free” luxuries into your plan, because life is not a rehearsal and every day is precious.
If you will have enough then we will let you know, so that you can stop worrying about money!
Everyone deserves to have their own unique answer to the “Enough” question.
What’s your next step?
If you want to know the answer to ”how much do I need to retire?”, come in and let’s talk about the retirement plan that works for you.
Book your free initial meeting, to find out how we can help you plan ahead with confidence today.