This article was originally published on Juno Wealth’s website. Juno Wealth was acquired by Progeny in February 2019.

Want to ensure you’ll be retiring with enough money?

Do you have a clear idea of what your retirement will be like?

Do you want to travel? Move abroad? Help the grandchildren? Retire early? Buy a yacht perhaps and sail off round the world? More importantly do you know if and when you’ll be able to afford to do so?

Can you afford the retirement you’ve dreamed of?

Do you really have any idea of what your assets and liabilities will be worth when you retire, what the cost of living will be (whatever your plans) and what you need to do to make sure the reality measures up to the dream?

Retirement may still seem a long way off and with all life’s variables, it’s tempting to think that working out what you’re likely to have and need is complicated, time consuming or even a waste of time. But the reality is that having a plan and achieving your retirement financial goals is almost as easy as one, two, three.

Step 1 – Plan what you want to do   

The first port of call when we help you plan for your future is to get a clear picture of what you want to achieve, why, how and when. It’s a holistic approach and at the very heart of making sure you have enough money to live on. If you know what you want to achieve, what you want to do and how you want to live, it’s a whole lot easier to work out how much you need in order to achieve it! And the more detail the better.

Step 2 – The techy side: cash flow planning

The next stage is to get a clear picture of who you are, how old, what gender and what your assets and liabilities are, so we can perform what we call cash flow planning. It’s the precision engineering of the financial world and our state of the art software factors in all sorts of data such as investment growth, inflation and interest rates. We can also factor in other variables such as different retirement ages, the death of a partner or care home costs. The result is a clear forecast of what your finances are likely to look like when you retire.

 Step 3 – Staying on track  

Once we have an idea of what you want your retirement to look like and what your assets are likely to achieve, we can start to plan with you what if anything you need to do to close the gap or stay on track. We can factor in and make recommendations about when and if to make lifestyle changes such as downsizing, drawing your pension or selling your business. We can plan for future tax liabilities. And we can make sure you invest in a way that matches your retirement goals.

Sit back and enjoy your retirement

Life isn’t static, so we can continue to keep your finances under review to make sure you reach your goals but with a little help from us, you can enjoy life before and after retirement knowing that you will have enough to follow those dreams.

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This article is distributed for educational purposes and should not be considered investment advice or an offer of any security for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable but is not guaranteed.

Past performance is not indicative of future results and the value of investments can fall as well as rise. No representation is made that the stated results will be replicated.

Tracey Evans

Associate Director, Wealth

Tracey is passionate about helping clients to see their ‘big picture’ and has been doing so for nearly 30 years.

Learn more about Tracey Evans