Will My Money Last My Lifetime?
For our retired clients, the biggest question is often ‘will my money last my lifetime?’. By tackling this in advance, expert retirement planning can provide financial reassurance. This in turn enables wider possibilities such as gifting to children or enjoying the more expensive items on the bucket list.
The international thinktank, the World Economic Forum, has recently released a damning report confirming that retirees worldwide could outlive their savings by a decade. The average shortfall is as wide as 8 – 20 years. This ‘longevity risk’, can be attributed to a combination of:
• Underfunding during working life.
• Unsustainable attitude to investment risk.
• Unrealistic retirement objectives.
• Uninformed income strategy during retirement.
The World Economic Forum confirmed that sound financial advice is essential. At Swallow Financial Planning, we place cash flow forecasting at the centre of our Wealth Management service. Whether you are still working and would like to understand how much to (and how to) save, or you are already enjoying retirement and wish to keep it that way, we are here to offer our expert financial and investment advice.