How sequence risk or pound cost ravaging will affect your retirement (part one)
For today’s retirees, sequence risk (also known as Pound Cost Ravaging) has become essential. We rely more heavily than previous...
The Marie Kondo Approach to Decluttering Your Retirement Budget
One of the most significant risks to a successful retirement is underestimating your expenditure. Get this wrong, and you could...
Income Replacement Rule of Thumb
The received wisdom in financial planning is that you should make sure that your income in retirement is more than...
How frequently should you get paid in retirement?
Technology is disrupting everything, it seems, with every day bringing change to something that feels like it’s always been the...
When should you start planning for care in later life?
Care in later life can be expensive. It’s not unusual for care homes in our region to charge £5,000 per...
Seven Levels of Financial Independence
The concept of financial independence is closely associated with retirement; after all, if you aren’t financially independent, you probably won’t...
Are you risk literate? And what about your Financial Planner?
Everybody understands the importance of literacy, but risk literacy is a concept that is becoming important in Financial Planning. Risk...
Retirement Dates are Out of Date
If you have a pension plan, you will have chosen a “retirement date” when you joined the scheme, or you...
Investment horizon – can you see it clearly?
Financial Planners often talk about your “investment horizon” as a way of describing how long you plan to hold your...
Everyone has a plan until they get punched in the mouth
These are the wise words of Mike Tyson, former world heavyweight boxing champion. It’s not his most famous quote, and...