Financial planning services can be provided throughout all stages of life and don’t have to end once you reach retirement. Many financial planning experts use a general framework that informs them of the common advice and services required within different age groups, including those in the later stages of retirement over 80 years old.
Although this framework is an advantageous starting point, it’s essential that financial planning is adjusted to the individual and their life events. For personalised financial planning services at any stage of life, contact our experienced advisers today.
Financial planning services for late-stage retirees
People in the later stages of their retirement are usually well within a process known as wealth decumulation. Unless they have continued to try and maximise their wealth during earlier stages of retirement through investments, they are likely to have used the wealth they accumulated to provide the lifestyle they want to lead.
Unless there is an immediate need to grow existing wealth based on individual circumstances, people within this stage of life often utilise financial planning services to:
- Focus on long-term care costs and healthcare, including medical insurance needs.
- Look for beneficial ways to pass on wealth and assets as part of their estate distribution, including to loved ones and charities.
- Simplify their existing income streams to make managing their wealth more manageable, which may be required in line with deteriorating health conditions.
- Look for ways to access additional retirement income, such as equity release products like a lifetime mortgage or HELOC. Some of these products are still available to people over 80.
Health crisis and financial planning
People over the age of 80 can encounter several health issues which put a strain on their finances. Financial planning services can be beneficial to help retirees adjust their income management to account for these additional expenses moving forward. This would include a retirement plan reassessment and suitable actions that can be taken to ease the pressure of health worries.
Our team are on hand to discuss financial planning services in retirement and explain how this service works. Contact us now to learn more.
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FAQ'S
We offer a free no-obligation initial consultation, which will allow us to identify your financial planning needs and to determine what services are most suitable for you.
On this meeting, we will provide you with and discuss our Terms of Business brochure. This document clearly details our fees for all areas of advice we provide. We understand individuals’ have different needs and objectives and after our consultation we will be able to confirm our fees. At no point will any chargeable work be undertaken until you are made aware of any associated fees. We are always happy to answer any questions about how and when our fees are payable, however we may not be able to confirm the exact fee until we have completed an initial consultation.
Yes, of course. We welcome the opportunity for you to invite family or a third-party representative to come along to our meetings if you would like the presence of a familiar face. We endeavour to support you, so please make us aware of any additional requirements or provision you require prior to our meeting.
We can meet face to face at our offices in Bexley. Our address is Unit 34 The Hop Store, Old Bexley Business Park, 19 Bourne Road, Bexley, Kent, DA5 1LR.
We can also facilitate home meetings if required, or video and phone calls if this is more convenient for you
We provide a range of advice services, including mortgages & protection, investments, financial planning, retirement planning, and estate planning. If you wish to discuss your enquiry further, please feel free to call the team on 01322 958222.
Yes, Sidney Curtis Financial Limited is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) and is registered on the FCA register with Firm Reference Number 440703. Sidney Curtis Financial Limited is also registered on the FCA Register with Firm Reference Number 1052400.
We offer a free no-obligation initial consultation, which will allow us to identify your financial planning needs and to determine what services are most suitable for you.
On this meeting, we will provide you with and discuss our Terms of Business brochure. This document clearly details our fees for all areas of advice we provide. We understand individuals’ have different needs and objectives and after our consultation we will be able to confirm our fees. At no point will any chargeable work be undertaken until you are made aware of any associated fees. We are always happy to answer any questions about how and when our fees are payable, however we may not be able to confirm the exact fee until we have completed an initial consultation.
Yes, of course. We welcome the opportunity for you to invite family or a third-party representative to come along to our meetings if you would like the presence of a familiar face. We endeavour to support you, so please make us aware of any additional requirements or provision you require prior to our meeting.
We can meet face to face at our offices in Bexley. Our address is Unit 34 The Hop Store, Old Bexley Business Park, 19 Bourne Road, Bexley, Kent, DA5 1LR.
We can also facilitate home meetings if required, or video and phone calls if this is more convenient for you
We provide a range of advice services, including mortgages & protection, investments, financial planning, retirement planning, and estate planning. If you wish to discuss your enquiry further, please feel free to call the team on 01322 958222.
Yes, Sidney Curtis Financial Limited is an appointed representative of Quilter Financial Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) and is registered on the FCA register with Firm Reference Number 440703. Sidney Curtis Financial Limited is also registered on the FCA Register with Firm Reference Number 1052400.