Saving for Retirement
Saving for retirement is more important than ever but individual circumstances will dictate how we each go about this. MMM’s professional and personal service makes sure we take careful account of your individual plans and goals, as we help you to ensure you can enjoy the retirement you want.
Many of MMM’s clients are members of the NHS Pension Scheme, a scheme with which MMM advisers are very familiar. There have been many Scheme changes in recent years and more changes are planned; we understand the implications and can guide members through these.
In any conversation about saving for retirement, it is essential that there is a detailed discussion about your existing plans, whether provided through work or funded privately, as well as your own objectives and aspirations. Only then would the conversation move on to investment risk and how you might want to save money.
For example, an individual at the beginning of a career might want to save a regular sum into a simple retirement account and they may wish to pursue higher risk investments, with the potential of higher returns.
At the other end of the scale, a couple close to retirement may have accrued pension benefits through work and have other investments that they have accumulated. They might be looking forward to a long, happy and healthy retirement, with minimal investment risk to knock their plans off course.
At MMM, we see different people at different stages of their lives and acknowledge no two investors have the same set of objectives; instead, each requires a different set of solutions of pension, investment products and tax wrappers based on their respective investment risk profile.
For more details of the MMM investment process and the types of investments you might consider for your retirement planning, please see the Medical Money e-Guide to Investments
Please note that this web page is for general information only and you should always seek professional advice before making any financial decision on the topics covered in this article.
The value of your investment can go down as well as up and you may get back less than you have invested.