What is your biggest retirement freedom killer?
Pensions, ISAs, Tax Free Lump Sum, Annual Allowance, Lifetime Allowance, Capital Gains Tax, Income Tax, Trusts, Asset Allocation, blah, blah, blah.
Boring isn’t it, all this jargon? Why should you give a stuff about it all?
Money and all its associations may be boring to you but being apathetic towards it is probably going to be the reason why your retirement is not going to be as free or as comfortable as you wished.
I’m sure you if you have a choice you wouldn’t wish to spend your retirement watching the bills and making sacrifices on what you spend and what you can give to your children or grandchildren.
If you don’t have any interest in money and investing you are unlikely to develop any now but what you can do is to turn the issue on it’s head and think about the purpose of money:
• Why is money important to you?
• What does it provide you now?
• What do you want it to provide for you in retirement?
• What do you enjoy doing in life?
• Who is important to you and do you need to provide for them?
• What does an ideal retirement look like for you and when would you like it to start?
If you can answer these questions you can start to build up an understanding of how much money you need to acquire in time for the age you wish to stop working (or spend less time working) so that you can live the lifestyle you wish to without the fear of running out of money.
All that jargon stuff can be left to professionals who can help you take the appropriate steps to enable you to build up the pot of money you need.
We would welcome the opportunity to have a conversation around these questions. Do get in touch to arrange an initial meeting, which is at our expense and without any obligation.
