Everybody dreams of giving up work for a life of leisure at some point in the future. However, this scenario may not be very realistic for those who have not planned for their retirement.
Where some people will retire on a generous final salary pension, others may have to rely on the state pension and other less generous personal pensions to provide them with an income.
Therefore, retirement looks different to each and every person and as such it can be funded in many different ways.
Nowadays, it is common for some to still have dependent children when nearing retirement while others have an empty nest.
Others might be business owners who would like an exit strategy from their company which will help fund their retirement.
No matter your circumstances, it is essential that you have an idea of what retirement goals you have and assess your chances of achieving them with the provisions you have made or need to make.
There have never been more flexible and accessible options with which to take a retirement income and there has never been a better time to discuss them with a professional adviser.
No matter if you are staring retirement in the face or just starting your first job, thinking about your retirement is the first step in planning for a secure future.