Where did you go on holiday?


Where did you go on your summer holiday? Did you plan it? For some, there will be a lot of time and effort that goes into planning where to go, getting a good price and then ensuring everything is in place for a successful trip – clothes, airport parking and travel insurance – the list is endless.


Holidays can be seen as a snapshot of what life may be like when you retire – time spent abroad, visiting family or for favoured hobbies or pastimes.


Do you have a picture of what you will do in retirement? Do you spend much time planning how you’re going to pay for this or when you might have accumulated those funds?


It’s important to be sensible to ensure that your goals can be obtained but remember that people often underestimate what can be achieved in the longer term.


At Old Mill we are able to help you forecast your future income and assets into and beyond retirement to see whether those retirement dreams are feasible and could become reality. Below are some simple steps that can help you in thinking about your future plans.


Consider your existing expenditure


What costs will you save in retirement and what additional costs will you create when you finish work. Will you have to replace your company car? Will you want to holiday more frequently? What will provide your income once you stop working?


Contingency plans


What happens if you can’t retire when you wish to, for example due to ill health? This is often leads to a light bulb moment for our clients, the realisation that they may have enough to retire now if they wish, or understanding there is a shortfall between objectives and reality.


Would you like to know more? Contact Sally Harrison on 01935 709362 or email


sally.harrison@oldmillgroup.co.uk


This is also the first step in thinking about others too. Many of our clients will have sufficient to fund their lifestyles and want to consider helping their children or even charitable giving. People can be put off doing this if they are unsure if they have enough wealth.


We can work with you to develop a strategy to reach these objectives, have a ‘Plan B’ in place and assist on your journey to a happy retirement.


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www.oldmillgroup.co.uk


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