Blooming into Retirement

We were recently approached by a client in her early 70s.

She had enjoyed working part-time hours over the last few years but had been considering her options in terms of taking retirement. With a love of gardening, she was keen to spend more time outdoors and with her close family.

She had one key question for us – could she afford to retire?

We conducted a full analysis of her financial position and plans for the future; her existing expenditure, current pensions, savings and investments, and the cost of her desired lifestyle in retirement.

Our process unearthed an investment that the client had held for some time that had not been reviewed. We took time to analyse the performance of the existing fund and gain a clearer understanding of her experience of, and attitude towards, investment risk.

On the back of this, we were able to reposition the investment in a more appropriate fund with greater potential for growth. Safe in the knowledge that her essential expenditure will be covered by her pension income, the investment should help to improve her options in terms of future discretionary expenditure.

Pleased with the service and products that we offer, the client also elected to top up this arrangement with some of her savings that were earning a modest rate of interest and more exposed to the effects of inflation. Making use of her ISA allowance has also eliminated a small income tax charge on her savings.

The client now has enough liquid funds to meet emergencies and one-off expenses but reassurance that her additional funds are appropriately invested and have potential to grow in real terms. She can be confident that her money is working hard for her and that the team at The Money Partnership are here to support her.

As for work – she has set a retirement date for Christmas 2026 and is looking forward to planting her garden in Spring 2027!