Financial Strategies and Lifestyle Considerations
Planning for Your Retirement: Tailoring to Your Needs
Retirement looks different for everyone, bringing unique financial implications. It’s essential to carefully assess your current situation and set realistic goals for your retirement. Think about when you want to retire, where you plan to live, and how you envision spending your time. These factors will shape the income and savings you’ll need, so your plan should be flexible to adapt to changing circumstances or goals.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
Income Drawdown
If you’re concerned about annuities why not consider the drawdown option as an alternative? Although higher risk you may find that this gives you greater flexibility and choice.
The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.
Investment
Investing money needs careful consideration and you need to be absolutely sure of the risks involved. This section provides generic information on different types of saving & investment. You should seek advice appropriate to your specific circumstances prior to making any decisions.
Key Considerations for Retirement Finances
While many expect their expenses to drop significantly in retirement, this isn’t always the case. Beyond paying off your mortgage or other debts, your lifestyle will largely dictate your financial needs. Downsizing may seem like an easy way to free up funds, but once you account for transaction and moving costs, the net profit may be less than anticipated, especially if staying in the same area. Downsizing decisions should also consider lifestyle preferences, as they may provide benefits beyond financial gains.
Exploring Retirement Income Options
There are various ways to withdraw your retirement savings. Income drawdown is an alternative to annuities, offering flexibility and control, though it comes with higher risks. Enhanced annuities can be beneficial for individuals with medical conditions, providing higher income levels. For those exploring investments, it’s crucial to understand the associated risks and seek tailored advice. Additionally, consider financial commitments such as mortgages, insurance, and protection policies to safeguard your assets and provide security for your family. Careful planning ensures you can achieve a comfortable and secure retirement.
Vulnerable Customer
We understand that from time to time our clients may find themselves dealing with circumstances which could mean they are potentially vulnerable. For example, a change in health, caring for a family member or coping with the loss of a loved one. There are many different types of vulnerability, and what makes one person vulnerable might not affect someone else. When we are vulnerable, our need for financial advice may change. However, admitting vulnerability or seeking help can sometimes feel hard.
If this is something you would like to discuss with us, please ask for a copy of our support guide or download a copy here. This guide is designed to help explain vulnerability and the ways in which we might be able to support you. If you feel any of the circumstances in the brochure apply to you, please talk to us.
Joanne Gerrard2024-10-25A fantastic professionaland supportive service, providing timely, factual and relevant information. Appletree have made the process hasslefree and stressfree. Would 100% recommend.
Ashley Capstick2024-10-01Kathryn has been amazingly helpful with sorting out our Mortgage. Very responsive & insightful. Highly recommend
m r2024-10-01We have just used appletree for switching mortgages. Kathryn and Faye were both very helpful. Faye in particular was very helpful with dealing with a rather difficult solicitor and getting updates and moving things along, Thanks.
Emma Astley2024-09-26highly recommend!!! Kathryn was very helpful and responded very quickly. will definitely recommend Appletree Financial solutions to all my friends and family.
Martin Shipway2024-09-17I recommend Kathryn Haycock to anyone who requires advice and assistance with a mortgage. She is exceptionally efficient, helpful and diligent. Her level of communication with the client is fantastic and she goes the extra mile to make sure that the client gets the best deal possible!
Karen Holden2024-09-10Brilliant staff very professional and extremely helpful Mark has been fantastic, can't rate the team highly enough 5*
Nikolai Polakovs2024-09-08Kathryn at Appletree was so helpful with me and my partner we got recommended by someone she gave us brilliant advice on what to do next thankyou Kathryn.
Lyndsey Goo2024-08-28Kathryn took all the stress out of our remortgage and helped us understand the rates and options so we could make the best decision for us! Highly recommend
amy crook2024-08-06We have been with Apple Tree for around 5 years now, for finical advise, investing and loans. The team are lovely and always have a great response time either by email or phone.
