Retirement Planning

People are living longer resulting in the need to have robust and flexible retirement plans in place. It is likely that during the ‘retirement’ phase of your life, there will be a significant reduction in income, making it imperative for meticulous financial planning.

The overarching goal is to empower individuals to lead a desired lifestyle

during retirement without the apprehension of financial depletion. As experienced

financial advisors, our responsibility is to guide you in achieving this financial security and lifestyle continuity throughout your retirement years.

At Opes Financial Planning Ltd, our approach to retirement planning isn’t solely focused on accumulating the largest financial reserve for the future. Our mission is to assist you in depicting what your ideal retirement looks like and then ensuring that we work towards this – this image of retirement is very much unique to each individual.

Some key questions to help get a sense of what retirement looks like:

1. When do you want to retire?
2. Do you want to fully retire or do you plan on phasing out work over several years?
3. What is the envisioned lifestyle for your retirement, and what are the associated financial requirements?
4. Will your current provisions provide you with the required level of income?
5. Will your current pension and investment structures give you the flexibility you require should your plans be subject to change?
6. Have you established a clear and comprehensive financial strategy in retirement, known as he decumulation or drawdown stage?

At Opes Financial Planning we build a tailored financial plan ensuring all structures in place are there by design to achieve your overall objectives.

The plan will ensure you:

1. Avail of the relevant tax reliefs
2. Keep overall taxation to a minimum where possible.
3. Ensure you have the appropriate level of risk in your investment strategies.
4. Have flexibility should there be potential changes to your retirement plans in the future.
5. Ensure your estate planning desires are taken into account.

Please contact us should you wish to discuss your situation with us. We will be able to illustrate how we work with and add value to our clients’ financial plans.