This week is National Gardening Week
, a celebration of all things home grown, and for many people approaching retirement it is the thing that they are looking forward to doing when they retire.“I’m looking forward to spending more time in the garden”“I can’t wait to get the gardening gloves on”
Of course, gardening isn’t only the domain of retirees, but for those approaching this time of their life the thought of being able to dedicate their free time to something that makes them truly happy is an appealing one.
In order to really make the most of your free time, and achieve the kind of retirement that you would like, you need to plan ahead.
Recent changes to the pension rules mean that you are able to be quite flexible with your savings. Options include:
- leaving your pension funds untouched
- buying an annuity
- flexi-access drawdown
- taking small cash sums from your pension fund
- taking your whole pension fund as cash
- mixing your options
As well as getting your financial plans in order, you need to think about the emotional and practical side of your planning. This will give yourself the best chance at a happy and fulfilling retirement.
If you would like to talk to someone about your options and your plans please contact Lovewell Blake Financial Planning Limited
who will be happy to help, and in the meantime why not get out into the garden this National Gardening Week?