Prestons are members of The Institute of Chartered Accountants
The process of establishing a retirement income goal and gathering information about your potential sources of retirement income is known as retirement planning. This information is used to help determine if your projected retirement cash flow is adequate to fund your future needs.
It is never too early to plan for your retirement since adequate provision in later years is fundamental to achieving a similar standard of living to that previously enjoyed.
Currently, people are living much longer than their forebears and accordingly you may have as many as twenty to thirty years in retirement.
To ensure adequate income for life requires careful planning:
Key areas to successful retirement planning are:
Prestons can offer you the necessary advice and support to implement a comprehensive retirement strategy.