Your Retirement Checklist

Need help to Plan and Prepare for your Retirement? We’ll be with you every step of the way.




















Your Family Finances


What are your current sources of income in retirement?
  • Private Pension


  • State Pension


  • Annuity Income


  • Dividends


  • Interest


  • Rental property income


  • Part-time work


    Have you decided on what income sources to draw your cashflow from to replace your pay cheque?

    How often will your income be paid to you?

    Do you keep track of your spending?

    Do you have money set aside for emergencies?

    Why this is important

    The biggest risk to your retirement is either running out of money or passing away with too much. Calculating your expenses and determining how this impacts your future cash flows is a fundamental question.



    Your Wealth


    Do you anticipate receiving a tax-free lump sum?

    Will you receive a redundancy package?

    Do you have any borrowings tied to your assets?

    Will you receive an inheritance?

    Why this is important

    Having debt may be a drag on your income.



    Your Lifestyle


    Have you thought about what your retirement will look like?

    What observations have you made watching other people retire?

    What mistakes have other people made in retirement that you can learn from?

    Why this is important

    Retirement is not only about numbers.



    Protecting Your Family

    Review your insurance policies


    Have you thought about what your retirement will look like?

    What observations have you made watching other people retire?

    What mistakes have other people made in retirement that you can learn from?

    Why this is important

    Protecting what you have is important. In addition to health insurance, now is a good time to review whether you require other forms of insurance.



    Structuring your affairs


    Is your will up to date?

    Have you reviewed the beneficiaries and your distribution instructions of your estate recently?

    Have you reviewed tax efficient ways of passing on your assets?

    Does your family know where your important documents are kept?

    Why this is important

    The decisions you make in your succession plan will affect your family. We can give you advice on building an estate plan that reflects your vision.



    Has your financial advisor provided a detailed financial plan that answers the following questions?

  • Can you maintain your current lifestyle while remaining financially secure in the future?


  • How much is enough to maintain the lifestyle you want?


  • Will your family be okay financially if something happens to you?



    How we can help you


    Our aim is to assist our clients in:

  • Creating a Financial Master Plan, with your involvement.


  • Identifying and maintaining your desired lifestyle in retirement.


  • Analysis and assessment of your current financial position.


  • Deciding which direction your financial future should be going by recommending the most favourable terms and product solutions.


  • Scheduling regular reviews.


  • Implementing solutions.


  • Providing ongoing professional service, focused on your lifestyle.


  • Being able to focus on the more exciting things in life.




    Contact us. See what your financial future could look like.
    Head office: Infinity Financial Planning Ltd, Phoenix House,
    The Cube,
    Monahan Road,
    Cork,
    Ireland


    Tel: 021.450.8851


    Email: info@infinityfinancial.ie

  • Written by Pat Leahy Certified Financial Planner (CFP)

    Published 2022-05-31

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