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Time For A Change

As the pace of life slowed during lockdown, many of us had a bit more time to think. It was a chance to re-evaluate what’s important to us and also the aspects of our life that maybe don’t matter as much as we’d previously thought. There was a realisation that some of the things that provide the most pleasure cost nothing at all, such as strolling across Heaton Moor Golf Course [not currently open to the public] as the sun was setting, or simply spending time with family. It was also a chance for some to think about their relationship with work and the potential for retirement – or at least slowing down a bit.

A typical concern that we hear from people approaching retirement is that they’re worried that work has been such a large part of their lives that there may be a void they’ll struggle to fill. One year later that same person invariably says that they don’t know how they ever found the time to work! We’ve seen that the traditional idea of retirement has evolved from pipe and slippers to an exciting new chapter of life, with lots to do and experience.

At Claritas, we specialise in guiding people through the run-up to retirement, or at least achieving financial independence from work. It can be a scary thing to not have any earned income hitting your bank account at the end of the month, and we can provide you with the reassurance and peace of mind that you have enough money to do the things that you want to do.

Some of the questions we can answer are:

How much is enough?

How much money do you need in order to pay for your desired lifestyle and, if you’re not quite there yet, what needs to be done in order to build up this amount of money?

How much can I afford to spend in the early years of retirement/ financial independence?

We actively encourage our clients to spend their money whilst they are still fit and healthy enough to do so. You can probably afford to spend a disproportionate amount of your money in the early years of retirement, but this needs careful planning.

To what degree can I afford to help my children and/or grandchildren?

It makes a lot of sense to give money earlier rather than later.

Many people inherit money when they no longer really need it. However, we’ll make sure that you’re not jeopardising your own financial future by doing this. We’re happy to have an initial chat without charge to see if we can help you. If any of the above resonates with you, we can probably help quite a lot. It would be great to hear from you.