Martin had recently retired, and Clare planned to reduce her working hours over the next few years. They had accumulated a mix of pension savings and investments but were unsure how best to turn these into a reliable income.
The Challenge
Their concern was not just about income today, but about ensuring their finances would last and remain flexible over time. They wanted to make sure they could support their lifestyle, including taking their wider family on holiday and helping their children out with other expenses on occasion.
The Solution
Martin & Clare worked with one of our advisers, Tim, who provided a plan to structure their income across different sources, including pensions, ISAs and cash reserves. This allowed them to balance regular income with the ability to take additional withdrawals when needed.
We also used cashflow modelling to assess how their plans would perform over time, helping to ensure their income remained sustainable and aligned with their long-term objectives, including how their wealth could support wider family needs over time.
Alongside this, we reviewed their investment strategy to ensure the level of risk remained appropriate for this stage of their lives, balancing the need for ongoing growth with the importance of stability and income.
The Outcome
Martin and Clare now have a clear and sustainable income strategy, giving them confidence that their finances are being managed carefully as their retirement evolves.
