Show Notes
Retirement is one of the biggest financial and lifestyle transitions you'll ever make, but how do you know you're truly ready?
In this episode of Retire Well, Matthew and Joe discuss the five essential things to think about before retiring. From understanding what your retirement lifestyle will actually cost, to mapping out your income sources, maximising tax-efficient opportunities, managing mortgages and cash reserves, and stress testing your plan against the unexpected, they share practical insights to help you retire with confidence.
You'll learn: Why retirement planning should start with spending goals, not pension values How to build a reliable retirement income plan The role of pensions, ISAs, cash savings and other assets in retirement Ways to maximise tax efficiency in your final working years Whether paying off your mortgage before retirement is the right move How much cash you might want to hold as a safety net Why stress testing your retirement plan can help you avoid costly mistakes
Whether retirement is five years away or just around the corner, this episode will help you think beyond the numbers and focus on building a retirement plan that's both financially secure and personally fulfilling.
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CHAPTERS 00:00 - Introduction 01:05 - What will retirement actually cost? 06:18 - Mapping your retirement income 12:22 - Being tax-efficient in your final working years 18:24 - Mortgages, cash balances and major spending 25:50 - Stress testing the plan
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Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.
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