Highly driven individuals don‘t work one day and retire the next. It‘s more of a “glide path“ as they go from highly engaged to rarely engaged. Planning this very personal transition is where our wealth management team can help you get the balance right.
And many entrepreneurs never really retire at all. There’s no need to slow down just because you’re getting older, but you might want to shift your focus. You could see the world, pursue a new hobby, or become an angel investor. But how will you fund your new lifestyle? Most of us underestimate the income we need to do the things we want. Start your retirement financial planning now so you’re one step ahead.
Questions to ask yourself
When you’re planning for a new stage in your life, it’s a good idea to start early, but there’s a lot to consider. First, ask yourself these three important questions:
What matters to me?
If you’ve built a successful career and you’re keen to stay busy, retirement can be about fulfilling your dreams or giving something back. Think about what makes you happiest. How do you want to spend your time? How could you focus more on the things and the people you care about?
Have I thought about healthcare?
Average life expectancy at birth in the UK is now above 75. By 2040, it is expected to be above 80**. We’re all different, of course, so your retirement fund needs to reflect both your life expectancy and the possibility you will need healthcare.
How will I pass on my wealth?
It can be hard to find the right balance between enjoying your wealth now and setting some aside to pass on to your loved ones. What will your legacy be? How will you make sure wealth transfer happens in the way you want?
How can wealth management help?
Very simply, we help you draw up a financial blueprint for your future, so you know you’re on track to meet your goals.
And when you choose UBS Wealth Management, you get a trusted partner who can guide your financial decisions for years to come.
“Many clients leave it too late to start thinking about life after work. Their options are often limited because there’s simply not enough time to build up a personal pension. An early financial plan can highlight opportunities to make the most of their retirement.”
UBS Switzerland AG
Great investment advice doesn’t exist in a vacuum. Our service takes into account all your financial needs, from wealth planning to investing to banking. We call this your total wealth solution.