Personalised Retirement Strategies

Personalised Retirement Strategies

Personalized retirement strategies from Baggot are customized retirement plans designed to help you achieve your desired retirement lifestyle while considering your financial situation, goals, and risk tolerance. These strategies aim to ensure that you have a stable and sufficient income during retirement.

 

 

Some common elements of personalized pension strategies include:

 

Assessing retirement goals

Baggot helps you determine your retirement objectives, such as your desired retirement age, lifestyle, and the level of income required to support that lifestyle.

 

Evaluating your current financial situation

We then review your existing financial assets, including savings, investments, and other sources of income, to determine your current retirement readiness.

 

Creating a savings plan

From this we can recommend a pension contribution plan to help you accumulate the necessary funds for retirement. This may involve setting up retirement accounts, such as PRSA or other tax-advantaged plans.

 

Asset allocation and investment strategy

At Baggot we have a wealth of investing knowledge and we can suggest an appropriate investment strategy based on your risk tolerance, time horizon, and retirement objectives. This may include a mix of stocks, bonds, and other investment vehicles to help grow your retirement savings while managing risk.

 

Tax-efficient investing

A pension structure is the most tax efficient method of growing your pension and investments. There is no other structure that provides up to 40% Government backed benefit through your tax free contributions. Investment gains are also tax free within your pension and on top of that you can avail of a 25% tax free lump sum on retirement.

 

Periodic reviews and adjustments

We will regularly review your pension strategy to ensure that it remains aligned with your retirement goals and changing financial circumstances and suggest adjustments to your plan as needed to keep it on track.

 

Retirement income planning

As you approach retirement, we will help you create a strategy to convert your accumulated savings into a stable income stream. This may involve selecting appropriate payout options from your pension plan such as your tax free lump sum and setting up an Approved Retirement Fund (ARF).

 

A personalized pension strategy should be tailored to your unique financial situation, goals, and risk tolerance. It’s important to have open communication and trust with your financial adviser to create and maintain a successful pension plan that meets your needs throughout retirement.

Arrange a Free Pension Review with Peter Brown

If you would like to explore the various pension opportunities available you can avail of a free financial review with Peter Brown. This is a “No Obligation” review of your existing investments and pension arrangements to establish if there are any untapped opportunities that could improve your financial position.

 

Pensions can also seem daunting.

  • How much should I/ can I contribute?
  • What are my options when I retire, tax free lump sums etc.?

Our experts compare all pensions options when calculating your pension plan, thus ensuring you are advised of the best available for your circumstances.

Whether you are pre or post retirement, we can advise on your best investment options.

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