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Whatever your retirement dream – from a home in the sun, a boat on a river, or simply digging about in the garden – all of these things are possible with careful planning. Here’s how to retire the right way:

How to Retire: Patience Pays Off

Financially speaking, the ‘cost of delay’ in terms of retirement planning can be, well, costly.Your own personal circumstances are unique: consider seeking professional financial advice before taking action, and do so as soon as possible.

Be Realistic with Retirement Contributions

Be realistic about how much you should be contributing towards your retirement – based on your age now, the age at which you hope to retire, and the lifestyle you want to achieve in retirement. Being realistic is essential – if you have little in the bank and have had no great luck winning the lottery recently then it may be wise to shelve the yacht plans. But taking the popular retirement plan of a house in the sun for example – that dream may well still be possible.

More Now, Even More Later

Are you thinking “Great, but I’m 55 years old already, is it too late for me?” It’s never too late! You just have to plan differently. Increase your contributions as your income increases and pay in as much as you can afford while you’re earning. Never give up on your retirement aspirations – just massage them to fit your financial capabilities!

Smart Investments and Successful Retirement Go Together

Never forget that the value of an investment can go down as well as up! So invest wisely. But taking the popular retirement plan of a house in the sun for example; that dream may well still be possible.

Another Solution

If you feel like you’re going to come up short, financially, and time is running out to make up for your lack of planning, there’s a solution that’s growing in popularity every day. That solution is a reverse mortgage and it may be right for you. Seeking professional advice is the first step in the right direction to finding the right financial solution – it will save you time and money in the long run and reduce your cost of delay significantly! We’re here to help. Just contact us.

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