Financial advisers providing financial planning services can call upon a generic framework to inform them of the likely advice and services required based on the client’s age. However, this framework must be combined with tailored services which consider the individual and their own life experiences and objectives. Although the framework on its own isn’t the optimum way to provide financial planning services, it functions as a starting point for advisers.
Those who have entered retirement may believe they no longer need financial planning services. These types of services are typically considered beneficial as a way to plan for retirement. Yet, they can still be beneficial during retirement and in the later stages of life, which are often referred to as the wealth decumulation stage.
Financial planning services for retirees
Most retirees will be enjoying their retirement with the money they accumulated from savings and investments during the previous years and decades. Hopefully, these decisions have enabled the retiree to enjoy the type of lifestyle they were striving to achieve in retirement. Due to a myriad of possible reasons, retirees might need further financial planning services to manage their retirement income – or even maximise ongoing savings and investments.
Other financial planning services for early retirees often include:
- Estate planning
- Wealth transfer strategies
- Equity release
Many retirees wish to gift some of their wealth to younger family members at this stage of life. Yet, there can be implications of gifting money in some ways. There could be more tax-efficient and beneficial methods that can be discussed with a financial adviser.
Those who are not experiencing the quality of life in retirement they had expected also have options available. If the retiree is a homeowner, they may now qualify for equity release products which provide tax-free money to help fund retirement with no monthly repayments. These can be discussed with a qualified adviser.
Managing the unexpected
Another benefit of using financial planning in retirement is to plan for unforeseen but possible events, especially those associated with health and well-being. A medical diagnosis can put a strain on retirement finances but can be planned for within financial advice services. This includes medical insurance considerations and other techniques.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE ADVICE ON ESTATE PLANNING.
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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.