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Michelle is an award-winning chartered financial planner who holds the designation 'Fellow of the PFS' demonstrating her commitment to maintaining the highest standards of knowledge, ethical conduct, and professional practice. Michelle is also an accredited member of the Society of Later Life advisers. Michelle offers a fully personalised service tailored to each clients individual needs and goals, using an approach that was recognised and honoured by the Women in Financial Advice awards in 2021. Clients working with Michelle can expect a high level of professionalism, integrity and a lasting relationship built on trust and open communication
Michelle Boakes
Chartered Financial Planner
Body
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.
Free Introductory Meeting
We offer a complimentary introduction meeting to understand your existing plans and your financial objectives so that we can offer you the right advice and service that meets your objectives and your preferences.
Financial planning services for late-stage retirees
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:
- Focus on long-term care costs and healthcare, including medical insurance needs.
- Look for beneficial ways to pass on wealth and assets as part of their estate distribution, including to loved ones and charities.
- Simplify their existing income streams to make managing their wealth more manageable, which may be required in line with deteriorating health conditions.
- Look for ways to access additional retirement income, such as equity release products like a lifetime mortgage or HELOC. Some of these products are still available to people over 80.
Our personalised evidence-based recommendations that build on your current plans are achieved using robust research. We investigate different financial scenarios so that you can be confident in achieving your objectives
Health crisis and financial planning
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.
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ESTATE PLANNING IS NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
