Four Leaf Wealth Management Ltd.’s Post

How much money do I need to retire? This is the question I deal with each and every week and the answer is different for everyone. One common theme is the "reality check". Having a large figure "in the bank" right now, versus funds that will need to last +20 years can lead to change in priorities. Have a plan. Prepare your info. Keep track of old pensions. Log in to gov.uk and check your state pension estimate and age. Have a chat. #hereforyou #retirementplanning

If your summer hols have got you pondering about what it would be like to be retired, but you don't know what retirement could look like for you, the Pensions and Lifetime savings association have given an indication of how much you might need per year. They estimate a couple would need, £22.4k a year as a minimum, £43.1k to have a moderate lifestyle and £59k per year for a comfortable lifestyle, it's worth checking your current pensions value to see what type of retirement you're on track for. #retirementincome #financialplanning https://lnkd.in/e7rddg-g

Many people may be shocked to learn how little income their savings will provide. Which is why it’s vital to realise the power of ‘saving sooner rather than later,’ and not simply hoping for the best. Assuming you qualify for the full annual State Pension of £11,502 (2024/25), the PLSA says you’ll still need to build up a pension pot worth more than £590,000 to achieve a comfortable retirement. This is if you want to turn your pension into an annuity, which pays you a guaranteed annual income for life in retirement. The good news is that a combination of the full State Pension and auto-enrolment in a workplace pension, most people should be able to look forward to the PLSA’s minimum level of retirement. However, a modest contribution level is unlikely to be enough to get you over the line between the PLSA’s minimum and moderate lifestyle standards. That’s why leaning in to the process, and starting to make proactive financial plans for your later years while you’re still working could – literally – pay dividends. #ComfortableRetirement #PlanningforRetirement #SavingforRetirement #DoNotDelay

Whether you’ve got 20 years before you retire or just a few, it’s important to have an idea of just how much money you’ll need for a comfortable lifestyle once you stop earning a regular salary. Whether it’s a three week holiday of a lifetime, escaping to the country, or simply being able to visit family and friends whenever you like, having those specific retirement goals to save for can really help you focus. Plus, it’s exciting to think what lies ahead after that last day in the office. Financial advisers can give you an idea of what your retirement income will be, based on how much you’re saving. You can also discover how much money you need to save for retirement or use our pension calculator to find out how much you need to save to fund the lifestyle you want. Edwards Wealth

We now have more choices, more information and more personal accountability for our retirement income. But will the future we look forward to be one we can afford? Whether you’ve got 20 years before you retire or just a few, it’s important to have an idea of just how much money you’ll need for a comfortable lifestyle once you stop earning a regular salary. Financial advisers can give you an idea of what your retirement income will be, based on how much you’re saving. In the article below you can also use our pension calculator to find out how much you need to save to fund the lifestyle you want. #retirementplanning #pensions #wealthmanagement

Helpfully, the Pension and Lifetime Savings Association predicts approximately how much individuals and couples will need in their pension pot, to have a comfortable retirement. #retirement #retirementplanning #pensions #financialadvice

According to the Pension and Lifetime Savings Association (PLSA), here's how much you'll need annually for different retirement lifestyles: ✔️ Minimum Standard: £14,400 (single), £22,400 (couple) – Basic needs, UK holidays. ✔️ Moderate Standard: £31,300 (single), £43,100 (couple) – Includes a small car, 2-week European holiday. ✔️ Comfortable Standard: £43,100 (single), £59,000 (couple)—Includes luxuries like theatre trips and regular vacations. Plan early and make the most of your pension savings! Start today to ensure a comfortable retirement. For advice and to set savings goals, consult a financial advisor. https://lnkd.in/eUKcAWNq #RetirementPlanning #FinancialGoals

🧳Have you ever thought about how much money exactly you need to retire? Do your savings match your expectations? ❓Pensions and Lifetime Savings Association (PLSA) provided a budgeting benchmark for three different standards of living: minimum, moderate, and comfortable. Which one are you hoping for? Let us know in the comments! 1️⃣ Minimum - £14,400 needed per year for a single 2️⃣ Moderate - £31,300 needed per year for a single 3️⃣ Comfortable - £43,100 needed per year for a single 🫶Remember, our job is to help you enjoy the retirement you deserve. 👉Click here to read this article: https://lnkd.in/e_ip2WWU #pension #retirement #financialplanning #firmitas #SJP

How much do you need to retire? The cost of a comfortable pension has risen again in the last 12 months. As part of Pension Awareness Week, we look at what a happy and enjoyable retirement might cost you. #financialplanning #pensions #stroudwm #sjp

We explain how to sort your pension pot if you fear it is falling short.