I first met Keri when my late husband sold his company shares and we turned to Broadway Financial Planning for investment advice. Keri quickly impressed us with her vast knowledge and understanding of the financial marketplace and global economies.
For some of us it is the same story every year. The gym membership we’ve never used, the language course we’ve never finished, and the chocolate ban that’s broken after just a few weeks (or sometimes even days).
However, recent research has highlighted that 75% of today’s retirees aged 65-75 had a bucket list of things that they wanted to do now they were retired. The lists included:
Encouragingly, 75% of retirees with bucket lists said they have already been able to ‘tick-off’ some of their goals. Nearly half (45%) said that they had travelled, 42% have spent time with family and friends, and over a third (36%) have been able to start or maintain a hobby or pastime.
For younger generations it’s not all good news either. The Pensions Through The Ages Report showed that only 15% of 18-40 year olds think they are saving enough to see them through retirement, so unfortunately their aspirations for later life may not live up to their dreams.
These figures highlight the necessity to work with a true Financial Planner. People have plans for their retirement but it is hard to envisage how much income they will need to reach their targets and maintain their desired standard of living.
We would always encourage people to start saving as early as possible and put a plan in place with the help of your Financial Planner to ensure you are on track to realise your dreams in retirement.
We think that this quote sums up what we are trying to say:
A dream written down with a date becomes a goal.
A goal broken down into steps becomes a plan.
A plan backed by action makes your dreams come true
Making a new year’s resolution to start saving for your retirement should be one that isn’t broken. If you need help from us to establish your dreams in retirement, please let us know.
Alternatively, if you are already retired and have achieved your dreams there are tax efficient ways in which you can help your children and grandchildren achieve theirs, including leaving your pension to your children. If you would like to discuss the options you may have please do not hesitate to contact us.