Retirement Income Reports
All the information you need at your fingertips
Our Retirement Income Report provides a projection of your pension, investments and any other income streams, which is compared against your predicted future outgoings.
This comparison is called a Cash Flow Analysis as it analyses the future cash flows, both incomes and expenditure.
Whilst it is not possible to predict with certainty the future returns that an investment will achieve, we are able to use projections based on historical levels of return and apply a stochastic approach in which thousands of projections are undertaken.
Happy to help you plan for the future
Here at Retirement On Track, we provide retirement planning in Yorkshire to clients across the UK. Give our friendly team a call on
or email enquiries@retirementontrack.co.uk
Statistical analysis
Adopting the above methodology allows us to apply a statistical approach to matching the returns from your assets against your projected retirement needs. Using the analysis, we can estimate the likelihood that you are able to meet your retirement goals or whether you would need to explore other options in order to achieve your goals.
Our Retirement Income Reports can assist you in planning your retirement once you have retired or if you are still many years away from retirement. The report can be used to compare how your retirement plans are shaping up based on your current levels of retirement savings.
The report will give you a clear indication as to whether your retirement plans are on track or whether you need to consider adapting your retirement plans by either changing your goals or increasing your retirement provision.
Things You Should Consider
- When do you want to retire?
- How many years do you believe you will spend in retirement? Most people underestimate how many years they will live beyond their retirement date!
- What are your current level of earnings and do you have any plans to work part time after retiring?
- What are your current level of savings that can be used to build up your retirement provisions?
- What are your current retirement provisions?
For example: company pensions, private pensions, state pensions, ISAs, cash savings, property (buy to let or potential to downsize), and other investments. - What level of expenditure do you anticipate in retirement?
Non-discretionary expenditure
This is your day to day living expenses such as groceries, heating, fuel, mortgage, car loans, basically anything that it essential and cannot be reduced. This should also include any tax that you may be liable for.
Discretionary expenditure
This is any expenses that can be considered as optional or at least expenditure that could be reduced if necessary i.e. holidays, hobbies and any luxury spending.
Find out when you can retire
Call 01977 285720, or email enquiries@retirementontrack.co.uk to get started.