Approaching Retirement - The huge issues and the medium-sized (but still important) issues by Helen Kanolik
Posted Sep 11 2008 3:52pm
I am pleased to bring you the first in a series of articles by UK Financial Adviser, Helen Kanolik, about the financial issues facing retirees. If you require any further information, Helen's contact details are included at the end of the article.
Firstly, hello! I’m very excited about this opportunity to talk to you about the financial issues that you face as you approach retirement. That’s not because I’m a sad financial adviser (I’m a very happy one, actually), but because I enjoy helping people.
Secondly, I think that financial matters as you get near to retirement are more complicated, but also more important, than ever before. Most of us know that the basic State pension isn’t enough to provide more than a very low standard of living, so we need to have other sources of income when we retire.
The public is also gradually becoming aware of two HUGE issues: a) that we can expect to live for a good number of years in retirement, and b) that taxation, inflation, and possible care costs can have a huge impact on what we have available to spend, what it will buy, and how much we leave behind us.
Firstly, hello! I’m very excited about this opportunity to talk to you about the financial issues that you face as you approach retirement. That’s not because I’m a sad financial adviser (I’m a very happy one, actually), but because I enjoy helping people.
Secondly, I think that financial matters as you get near to retirement are more complicated, but also more important, than ever before. Most of us know that the basic State pension isn’t enough to provide more than a very low standard of living, so we need to have other sources of income when we retire.
The public is also gradually becoming aware of two HUGE issues: a) that we can expect to live for a good number of years in retirement, and b) that taxation, inflation, and possible care costs can have a huge impact on what we have available to spend, what it will buy, and how much we leave behind us.