83: Have You Got Enough To Retire and Are You Making the Most of It?
Retire Well with Wealth of AdviceShow Notes
Retirement isn't just about reaching the finish line. Once you've stopped working and settled into life after employment, a new set of financial questions begins to emerge.
In this episode of Retire Well, Matthew and Joe explore what happens when retirement becomes reality. They discuss how retirees can reassess their financial position, determine whether they're spending enough to enjoy life, and identify opportunities they may be overlooking.
Topics include: Why retirement plans should evolve over time The risk of becoming too cautious with spending How annual reviews can uncover new opportunities Tax-efficient ways to access retirement income Deciding where to take lump sums from Gifting money to children and grandchildren Inheritance tax planning strategies The role of trusts, surplus income gifting, and insurance Why wills and lasting powers of attorney should be regularly reviewed
Using the ongoing case study of Alex and his spouse, Matthew and Joe explain how financial priorities often shift from accumulating wealth and generating income to thinking about legacy, family support, and estate planning.
Whether you're recently retired or several years into retirement, this episode offers practical guidance on making the most of your hard-earned wealth while ensuring your plans remain aligned with your goals.
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CHAPTERS 00:00 - Introduction 01:29 - Revisiting & Reviewing Your Plan 07:56 - Excess Savings 10:40 - Benefits Of Taking Advice 18:28 - Decisions & Tax Consequences 21:11 - Early Stage Estate Planning 27:20 - Mechanics of a Loan Trust 28:56 - Wills & Lasting Powers of Attorney 31:38 - Case Study
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TALK TO US Call us: 0191 384 1008 Email us: [email protected] Website: www.retirewellpodcast.co.uk
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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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In this episode of Retire Well, Matthew and Joe answer more of your retirement and financial planning questions.
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