Will you outlive your savings?
Retirement planning has never been more important than in the world we currently live. As healthcare has improved over the decades, so too has our life expectancy. This has led to pressure on government pension schemes and the effective abolition of final salary pensions.
50 years ago, a worker could be expected to live for a decade or so in retirement before passing away. Now we see this number increase two, three, four-fold or more. Indeed, it may not be uncommon in the future for a person to live for as long in retirement as they have worked for in their entire lives.
The cost for so many years in retirement is significant and, for many, the days of their government and company pensions covering their needs is long gone. Additional funding is normally required and can come in the form of savings, investments, property etc.
Whether you are close to retirement or have time on your side, MWC Group can help you calculate what is required and help you make a plan to get there.