• How much do you want?
• How much do you need?
• What is realistic?

How do you decide what is an appropriate amount for you to live on in retirement?

Most people would like to maintain the standard of living they have aspired to during their working life. Whether this is possible or not is another matter entirely.
Some of the issues to consider;

• Your usual monthly expenditure
• Any new expenses that you are going to incur after you have retired i.e. for hobbies and pastimes
• What expenses are likely to end such as fixed term insurance policies, your mortgage and any other borrowing
• What effect is the increase in the cost of living (inflation – currently circa 2.7% in Gibraltar) likely to have on your budget
• State Pension – Do you know what your entitlement is and when you can expect it?
• Do you have other investments that are capable of producing income for you?
• Are you expecting an inheritance that could be invested to produce regular income for you?

We at AWML can assist in helping you work through these issues. Contact us today to arrange a complimentary initial consultation