Do you need a financial adviser when you retire?
Retirement changes the job of your money from accumulation to funding spending. That can make several decisions arrive at once.
What decisions often arrive at retirement?
Pension withdrawals, annuity or drawdown choices, cash reserves, State Pension timing and investment risk may all need to be considered alongside household spending.
When can advice be useful?
Advice can help where several pensions or accounts need to work together, income needs are uncertain or you want a personalised recommendation about retirement options.
Advice is not compulsory for every retiree
Some people have straightforward arrangements and can use free guidance to understand their choices. The need for advice depends on the decisions and complexity.
Do you need ongoing advice after the first plan?
Not necessarily. Ask whether the initial retirement work can stand alone or whether there is a genuine ongoing need for withdrawal, investment and planning reviews.