Yellowtail Blog

Retirement planning seems to be one of the more difficult things we do when managing our personal lives.  This may be because retirement planning is so long range – peering far into the future is not something my brain was designed to do.

Our Government is very keen that we all take retirement planning very seriously, and so have provided a swath of information now accessible online.  On the Directgov website, they even show their caring, sharing side with a how retirement will feel article.

Retirement is a challenging new phase in life. While it ranks high on the scale of stressful life events, it also provides the opportunity to enjoy a new lease of life. You are likely to enjoy the freedom to develop new interests but on the other hand may feel lonely, isolated and bored at times. An important step is to plan your goals and work towards them.

With my retirement planning I am looking forward to enjoying a new lease of life!

The retirement planning approach they recommend is rare in our industry – but at Yellowtail it is the way we choose to work with all our clients.  We work to understand your goals and values and then create a plan to help you achieve them – to me there is nothing more rewarding than working with clients to help them achieve their retirement goals.

Now for a shameless plug –if you are looking for help with retirement planning read about the Yellowtail approach to retirement planning on the site, and then feel free to contact us to find out more

Dennis Hall gives advice to a teacher planning for retirement and hoping to maintain his family’s lifestyle in retirement.

WITH a large house, two salaries, two cars and the funds for £4,000 trips each summer, the King family is not used to financial worries. But their budget will tighten considerably next January, when husband Alan retires from teaching after 33 years.

The 59-year-old, who lives in Worthing, West Sussex, with his wife, Sue, 43, and sons Jack, 15, and Sean, 6, is keen to ensure that savings and investments of more than £60,000 are best placed to support their lifestyle. “I have no idea where to start,” he says.

On retirement, Alan will forfeit a salary of £41,000 for a teacher’s pension of £16,800, plus a £50,000 lump sum. Sue, like Alan, teaches geography at the local school, on a salary of £34,000 and will continue until retirement in 2015.

You can read Dennis’ advice to Alan on planning for retirement on The Times website.