rod thomas investment roadmap for a richer retirement
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ROADMAP FOR A RICHER RETIREMENT
FREEPHONE: 0800 612 0880 LANDLINE: 01273 447 299
[email protected] WWW.AVANTISWEALTH.COM
ROD THOMAS INVESTMENT
Roadmap for a Richer Retirement• Do you have a frozen or
underperforming pension?
• Are you disappointed with the return on your savings or investments?
• Are you concerned that your potential retirement income may not be as high as you want or need?
• Or that you need your investments and savings to produce more income right now?
To get to where you want to be you need a roadmap. This document can help.
Avantis Wealth does not provide financial or pension advice, but this list of headings can help you analyse your current situation and may help you decide how to move forward.
If you do require individual financial or pension advice please talk to a professional advisor or ask Avantis Wealth for an introduction to a preferred IFA.
We strongly recommend you seek professional advice before entering into any contract.
1. Where are you now?FF List assets
FF List liabilities
FF List income and sources
F Fixed and variable
F Earned and unearned
FF List expenditure
F Fixed and variable
F Any expenditure which will stop in future years?
FF What is available for saving?
F Trading lifestyle now for lifestyle later
F Do you need to save?
F Do you need to save more?
F How can you do that?
FF What will your current savings and investment strategy deliver and when?
FF Is that OK? (If so, stop here!)
2. Where do you want to be and when? (in income terms)
FF Calculate “need” (income you must have)
FF Calculate “want” (income you’d like to have)
FF Is this more than your current strategy will make possible?
FF How many years before your preferred outcome has to deliver?
3. What is the gap?FF What is the shortfall, between where you expect to be and where you either want or need to be?
FF Can you bridge the gap with existing resources? (This may depend on investment performance)
FF If not, where are extra financial resources coming from? Savings / inheritance / other?
Rod Thomas FCA can be contacted: [email protected] or call 01273 447299
4. What is your action plan?FF More profitable investment strategy? (Do you understand the available investment options and what is appropriate? The difference to current and future income can be considerable)
FF Identify non-performing investments and assets, including property. How can you make the money work harder?
FF Clarify and achieve the correct balance between income from direct investments with income from your pension
FF Request a detailed pension review through our preferred IFA.
FF Does your current pension allow the investment selections you prefer?
FF Does your current pension enable you to take control and make investment choices? (This should only be considered by people that take an active interest in their investments and have the time available to do this on a regular basis)
FF Is your current pension likely to deliver the income you want?
FF Would an alternative pension wrapper be appropriate? (Advice from an IFA, is required to help you answer this question)
FF Learn about annuities and drawdown as alternative approaches to taking money from a pension. Decide what would be best suited to you
FF Consider increasing your regular or adhoc savings amount, if available and appropriate
FF Put cash aside for a ‘rainy day’. Many people consider that 90 days income is a reasonable target to have. Consider if direct investment rather than a pension would be appropriate for this segment of your investments
5. A richer retirement!FF With these changes what is your new anticipated income in retirement?
Bear in mind that the value of any investment can go down as well as up and you might not get back what you put in. Some types of investment, e.g. property, may not be readily realisable and may take time to sell in view of the nature of the investment.
Rod Thomas FCA can be contacted: [email protected] or call 01273 447299
FREEPHONE: 0800 612 0880 LANDLINE: 01273 447 299
[email protected] WWW.AVANTISWEALTH.COM
This Roadmap has been developed by Rod Thomas FCA, Managing Director of Avantis Wealth Ltd. It is designed as a self-help tool to assist clients in developing their
own strategy. It is specifically not a recommendation for any course of action, which can only be provided by an
appropriate professional advisor.
THE RICHER RETIREMENT SPECIALISTS
DISCLAIMER
Avantis Wealth Ltd is not authorised or regulated by the Financial Conduct Authority (FCA).
Avantis Wealth Ltd does not provide any financial or investment advice. We provide a referral to a regulated advisor who will offer appropriate advice, or to the company offering an investment who will determine your suitability for the investment prior to any offer being made. We strongly recommend that you seek appropriate professional advice before entering into any contract. The value of any investments can go down as well as up and you might not get back what you put in. You may have difficulty selling any investment at a reasonable price and in some circumstances it might be difficult to sell at any price.
Do not invest unless you have carefully thought about whether you can afford it and whether it is right for you and if necessary consult with a professional adviser in accordance with the Financial Services and Markets Act 2000. These products are not regulated by the FCA or covered by the Financial Services Compensation Scheme and you will not have access to the financial ombudsman service.
Information is provided as a guide only, is subject to change without prior notice and doesn’t constitute an offer of investment. Some investments may be restricted to persons who are high net worth, sophisticated or professional investors or who take independent advice from an authorised independent financial advisor.
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