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Do I have enough for a happy, comfortable retirement?

The couple in this example have saved regularly but, like many people, they weren’t sure if they were saving the right amount into the best place, or if they’d saved enough for a comfortable retirement.

Before

Comfortable retirement case study chart 1

We looked at the numbers

They were overpaying their mortgage by £1,000 per month, but they weren’t paying much into their pensions.

If they continued as they were, with only the minimum of pension contributions, the couple would start to run out of money in their early 70s. As you can see from the graph, this is when most people’s living costs go up due to increased need for care and support.  

After

Comfortable retirement case study chart 2

Our proposed financial plan

We suggested different ways of saving, including into private pensions, which would allow the couple to live comfortably now, while saving a lump sum to help clear any outstanding mortgage balance in the future. They’d have a plentiful pension pot that should last them well into their 80s.

Outcome – So, will they have ENOUGH for a happy, comfortable retirement?

Yes. By making the changes we proposed, the couple now have plenty of money to live on today and are putting the money they’re saving to better use for a more comfortable retirement.

Most importantly, they now feel reassured they’ll have the retirement they want.

Notes on how to read our charts

Financial Case Studies aren’t always the easiest thing to read. We’ve made ours as clear as possible, but if you’d like to know more, we’d be happy to explain.

When we work out your Financial Plan, we create two charts, Before and After.  

BEFORE shows your current situation, and how your money is expected to provide for you in the future.

AFTER suggests how it could provide for you after some changes. These plans can be revisited regularly to ensure your money is always working hard for you.


The money coming in

Blue square Employment – the money you receive from your salary, bonuses, dividends etc.

Red square State pension – the pension you receive from the government.

Light blue square Other pensions – income from any company, private or nest pensions you’ve paid into.

Teal square Money Purchase Pensions

Yolk yellow square Savings and investments – money from ISAs, Premium Bonds, stocks and shares.

Light yellow square Drawdown Pensions

Green square Pension Annuity

Purple square Asset Liquidation – money you could release by selling assets such as cars, paintings, antiques, stocks, shares.

Purple square Estate credit – the money you’d get from the sale of your home and any other property you own.

The money going out

Pink square Planned withdrawals –big purchases or expenses, such as a new car, home extension, holiday or gift.

Dark red square Shortfall – the difference between what you’re spending and your income.

Total need graphic Total need – how much you need to live comfortably and enjoy your life and retirement.

Basic need graphic Basic need – the minimum needed to live, but probably not the life of your dreams.


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.

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Stype
Hungerford RG17 0RE

01488 682890
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