– RETIRED INDIVIDUALS –
As you transition from fulltime employment to “active retirement” to “passive retirement” you will notice your lifestyle can change dramatically. Metis Ireland understand that as your lifestyle changes, your financial plan needs to change in line with this. We will expertly guide you through this process to ensure there is minimum disruption to your lifestyle and at all times you have peace of mind that your financial affairs are in order.
The most common question we come across when we meet clients that have already retired is “Do I have enough?”. We use Metis Ireland LifePlan state of the art software to map out your financial future for the rest of your life. We will show you how much you can afford to spend each year and what levels of risk are appropriate for you.
One of the most common issues we come across when meeting retired individuals is that they are afraid to spend their savings in case they run out of money. At Metis Ireland, we don’t want our clients to be the richest couples in the grave yard. You deserve to have a high quality of life and to spend the money you have worked so hard to earn.
You’ve worked hard all your life, you’ve saved and invested and now you are ready to sit back and enjoy the fruits of your labour. It is vitally important that you have a new investment strategy as you move from the accumulation period (while you are working) to the drawdown period (when you are earning less). That high-risk equity fund that performed so well for the last 20 years may no longer be appropriate.
Our goal as your financial planners we will be to design a strategy that manages charges efficiently, limits your exposure to tax, has an appropriate asset allocation to meet your lifestyle and financial goals and is appropriate to your attitude to risk. We will aim to reduce your exposure to investment risk by diversifying your investment portfolio across a range of assets and investment managers.
Recent changes to inheritance tax thresholds mean that passing even a modest estate to your children can lead to a significant tax bill and liquidity issues where non-liquid assets such as property are involved.
There are numerous thresholds, reliefs and exemptions that can be utilised to transfer assets to your family in a tax efficient manner. The key to limiting you and your family’s exposure to capital taxes is consulting the appropriate experts and putting a plan into place early on.
We will work with your solicitors and tax advisers to develop a plan to administer and distribute your assets in a manner consistent with your wishes and the needs of your dependents in the most tax efficient manner possible.
Warning: The value of your investment may go down as well as up.
TALK TO US ABOUT PRIVATE WEALTH MANAGEMENT
Metis Irelands unrivalled expertise in Wealth Management offers High Net Worth individuals their own personalised long term financial plan and access to our top Service Level “Zeus”. Please fill in your contact information to talk to one of our Financial Planners today.
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