Case Study: Jo’s ‘why’ – to retire early and spend time with causes she values.

In each of our case studies, we highlight a specific issue or topic that our advisers have helped clients with. We look at the ‘whys’ behind seeking financial advice and how the sound financial advice can enrich clients’ lives.

In this case study, we look at how a comprehensive pension review is allowing for a planned transition into early retirement and how that will allow our client to get involved with their chosen charities.

What was your why for seeking financial advice?

I had a few pension pots dotted around but my main one had changed from being a defined benefit pension to a defined contribution pension. That meant I needed to assess my position and find out just how early I could retire.

The sector that I work in has undergone substantial change over the years and I’ve been ready to leave for a while now. I initially looked for advice due to changes in my pension scheme, but then attention turned to working out at what point I could retire. I’m now going to be moving to part-time work once I reach 57 in 18 months’ time and then planning to fully retire at the age of 60.

I also needed help to write my Will and put into place a power of attorney.

How did / does financial advice enable you to lead the life you now want to?

Firstly, I want to enjoy the fact that I can retire while I am still fit and healthy. I also want a rescue dog and to volunteer at places that I already support, such as a local women’s refuge. I’m also interested in helping the homeless and anything to do with animals also ticks the box.

I just want to enjoy life and find a more meaningful way to spend my time.

What made the whole experience stand out?

I didn’t want a retirement where I had a constant nagging doubt about my finances. The value of the advice, as well as the energy and peace of mind that my adviser brings, is the real value. He was the one who pointed out to me that staying at work until I’m at official retirement age probably wouldn’t make a significant difference to my finances, whereas retiring early would make a significant difference to my life and wellbeing.  

I’m now feeling very much at peace and confident that everything will be fine.

Get in touch

If you’re in a similar situation to Jo, find out how Flying Colours can help you achieve your retirement goals. Book a no-obligation consultation with one of our retirement planning experts today. It’s free and there’s no pressure to work with us afterwards, but after 45 minutes you’ll come away with:

  • A clear picture of where you stand with your retirement planning from a qualified financial adviser
  • Guidance on potential tax-saving opportunities you might be missing
  • An understanding of your retirement income options and drawdown strategies
  • An initial assessment of your pension arrangements
  • Professional insight on whether you’re on track for the retirement you want and what you may be missing

So what have you got to lose? Book a consultation today!