Andrew Moore, Managing Director and Independent Financial Planner, explores the issue of running out of money in retirement
Squirrels have a simple strategy for the winter months. Collect all the nuts in the autumn, hide them and then try to remember where they put the nuts when they are hungry. They have an inbuilt urge to bury as many as they can, and usually have enough to see them through. It is pretty similar to most people’s retirement strategy. We build up all our assets in our 40s, 50s and 60s, i.e. the late summer and early autumn of our lives, and hope we have enough to see us through the winter.Read More
Andrew Moore, Director of Goodmans Financial Planning based in our Plymouth office explores the intricacies of retiring on your own terms. This article was originally published in the Autumn Edition of Devon Life Business & Professional .
Retirement is an odd word. It assumes that we have a very simplistic life where we work only because we have to and then stop, or retire, from that work to enjoy all the pleasures and fun we have long thought about. For many of our clients retirement is more a growing realisation that they have the financial resources to choose whether they work or not. It is about waking up in the morning, opening the curtains and having the freedom to choose how that day is spent. That kind of financial freedom is precious and I can see why those that retire successfully are some of the happiest people I come across.Read More