What does your ideal retirement look like?
Perhaps you want to travel the world, spend more time with family, support grandchildren, move abroad or enjoy more freedom. Maybe you’re dreaming bigger, a yacht, global adventures or a well-deserved early retirement. The real question is – will you have enough money to fund the retirement you’re imagining?
Many people aren’t clear on what their assets will be worth in the future, how the cost of living may evolve or whether their lifestyle goals are financially achievable. That’s where thoughtful, structured financial planning comes in.
In this article we explain the best steps to a bespoke retirement plan, because with the right support, understanding your financial future becomes far simpler – and your dreams look more like the reality they ought to be.
Step 1 — Define your retirement vision
The first stage of planning your retirement is understanding what you want it to look like. This forms the foundation of your entire retirement strategy.
At Progeny, our holistic approach to financial planning helps you articulate what a fulfilling retirement means to you. From the lifestyle you want to maintain, to the experiences you hope to enjoy and the people you want to support. The clearer your vision, the easier it is to understand how much you’ll need to make it reality.
Step 2 — Cashflow planning: bringing your future into focus
Once your goals are clear, we move to the technical side: cashflow planning.
Our detailed approach to cashflow modelling uses sophisticated software to map your finances year by year. This forecasting considers:
- Your assets and liabilities
- Expected investment growth
- Inflation and interest rates
- Retirement timing
- Care costs or major life events
- The financial effect of early, phased or later retirement
This gives you a visual, easy to understand picture of your future financial position which a financial planner can explain to you clearly, helping you make confident, well-informed decisions.
Step 3 — Staying on track as life changes
With your goals set and your financial forecast established, the next stage is ensuring your plan stays aligned with your ambitions.
We work with you to determine what steps may help you stay on course, whether that’s adjusting spending, planning when to draw your pension, reviewing future tax liabilities, downsizing, or selling a business.
Our dedicated asset management expertise also ensures your investment strategy supports your long-term goals.
Life isn’t static — and neither is your financial plan. That’s why our connected approach allows us to adapt your strategy as life evolves.
Enjoy life before and after retirement
Retirement should be something you look forward to, not something you worry about.
With clear goals, expert planning and ongoing support, you can move into retirement feeling confident that your finances can support the lifestyle you want. Our method brings financial planning, legal expertise, tax strategy and asset management together – giving you one joined up plan, one team and one clear direction.
Your future should be lived, enjoyed and celebrated. We’re here to help you every step of the way.
Please note
This article is distributed for educational purposes only. This communication does not constitute financial advice. Individuals must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult your financial planner to take into account your particular investment objectives, financial situation and individual needs.
The opinions stated in this document are those of the author and do not necessarily represent the view of Progeny and should not be relied upon to make a financial decision.
Information contained herein has been obtained from sources believed to be reliable but is not guaranteed.
Tax treatment depends upon individual circumstances and is based on current UK tax legislation, that is subject to change at any time.
Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise and investors may get back less than they invested. Your capital is therefore always at risk. It should be noted that stock market investing is intended for the longer term.
