Case studies

Mr Smith

Mr Smith worked for a major toy retailer and his job involved a great deal of travelling, he was getting older and wanted to slow down or even retire, but he was unsure whether he could afford to. He was a member of a company pension scheme and also had a reasonable amount of capital invested. He was fortunate to live in London where the transport infrastructure is a lot better than most parts of the country.

How we helped:-

We sat down to first establish what he really wanted to do, slow down or retire. It quickly became apparent that slowing down wasn’t an option with his current employer. So, after ascertaining his pension benefits with his employer's scheme, utilising his investment portfolio to produce an income and still hopefully growing, we provided a cash flow analysis that illustrated there would be sufficient income until his state benefits became payable giving him additional income. It was therefore clear that subject to some lifestyle changes which he was happy to do, he could afford to take early retirement. It was helpful living where he was, as a car became more of a hindrance than a help.

Mr Smith has long passed his state retirement age and has been enjoying his retirement and often says that our advice has helped him live longer.