Income is King in retirement
Many clients seek our advice in regards to early retirement. Our first function is to calculate the potential income in retirement. This can be derived from a mixture of assets. Pensions may be converted to Annuities. Some pension funds may go into Income Drawdown, cash savings and other investments may need to be placed within a bond structure to produce an income. We may need to assess the income from existing property.
All these incomes need to be built up within a retirement plan. Tax efficiency is very important.
Income is key. If you live to 60, you have a 50% chance of living to age 92. This is potentially 32 years in retirement, the last thing you want to do is start eating away at capital.
Follow the link for further information on early retirement options.
