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Financial planning services can be provided throughout all stages of life and don’t have to end once you reach retirement. Many financial planning experts use a general framework that informs them of the common advice and services required within different age groups, including those in the later stages of retirement over 80 years old.
Although his framework is an advantageous starting point, it’s essential that financial planning is adjusted to the individual and their life events. For personalised financial planning services at any stage of life, contact our experienced advisers today.
Take control of your financial planning with the right insights and expert connections. We help you explore your options and refer you to professionals who can provide tailored advice based on your needs.
People in the later stages of their retirement are usually well within a process known as wealth decumulation. Unless they have continued to try and maximise their wealth during earlier stages of retirement through investments, they are likely to have used the wealth they accumulated to provide the lifestyle they want to lead.
Unless there is an immediate need to grow existing wealth based on individual circumstances, people within this stage of life often utilise financial planning services to:
People over the age of 80 can encounter several health issues which put a strain on their finances. Financial planning services can be beneficial to help retirees adjust their income management to account for these additional expenses moving forward. This would include a retirement plan reassessment and suitable actions that can be taken to ease the pressure of health worries.
Our team are on hand to discuss financial planning services in retirement and explain how this service works. Contact us now to learn more.
When we tell you about a fee, you will always receive a clear explanation of: The total fee, the advice service it relates to, how it's been calculated, when you need to pay it and your payment options.
What do I need to bring to an initial meeting?
Three months’ payslips, three months’ bank statements, proof of ID and address, proof of deposit.
Do you get commission?
For mortgage and protection products only.
Do I have to sign up to your services at an initial meeting?
There is no obligation to sign up at the initial meeting.