Financial expert Michael Copeland of Wesleyan Financial Ltd spoke exclusively with Express.co.uk on the best ways to live a comfortable retirement. Explaining his “golden rules” he said, “First of all, have a plan and understand what your plan is.
“So that means knowing when you want to retire, what do you want to do in retirement, what do you want to be in retirement and what type of income do you think you need to enable you to achieve those goals in retirement. .
“By answering these questions and getting organized, you will be able to design and work towards the type of retirement you want. It will also help you determine how much capital you would need to achieve this.
“There is a saying that a goal without a plan is just a dream.
“So sit back, formulate your plan, then take financial advice. “
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Mr. Copeland continued, “Second, talk to people who understand retirement planning.
“They understand that you need to help you set your retirement goal and strategy, and they’re revising them.
“It won’t happen by magic, there are no fairies in the background working on your retirement goal.
“You have to sit down at least every year and review your plan.
“As we’ve seen with the pandemic, things can change so quickly, so it’s so important to keep checking that out.
“You have to make sure that you are on the right track to achieve your goals. “
While discussing retirement planning, Mr. Copeland stressed the importance of retirement planning being the top priority.
“This will also be able to help in a very valuable way in the future to cover all the potential costs of long-term care.”
In closing, Mr. Copeland added: “My last rule is longevity.
“The more time you give yourself to plan for retirement, the more likely you are to achieve it.
“Anyone can do it, for me it’s a question of longevity.
“It’s not market timing, it’s market time.
“And for me, his people get advice ASAP, put their plans in place ASAP so they have time to make sure all of their arrangements are in place. This is my number one recommendation for all of my clients.