Modern retirees have many more options than their counterparts from previous generations. Since the pension freedom reforms of 2015, pensions have become highly flexible. While this is great news for those willing to do their research, it also increases the risk of getting a bad deal. The responsibility for providing for retirement is now firmly on employees rather than employers, and so it pays to get some advice before making your final decision. Here are three ways that professional pension advice can help you to make the most of your retirement.

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1. Get the best deal possible

With so many ways to invest your pension pot, it can be hard to know if you’re getting a good deal. Trawling through all the various options is a big job, especially if you’re not a financial expert. A professional financial adviser will already know the ins and outs of the various available pensions schemes and investment options and will quickly be able to identify the ones that make sense for you.

2. Set achievable retirement goals

Different pensions make sense for different people. Lots of factors come into play, such as your pre-retirement income, your family circumstances, and the kind of lifestyle you wish to lead after you retire. A pensions adviser will be able to give you pension options that are specifically tailored to your needs, allowing you to set retirement goals that are realistic and within your means.

3. Achieve peace of mind

The main reason that we have pensions is to provide us with a sustainable income in retirement. Making a bad choice can lead to a lot of stress and worry at a time in your life when you should be relaxing. A pensions adviser will be able to work out how much you need for day to day living, and can also help you put money aside for unexpected events such as health problems. This allows you to relax, knowing that your future is secure.

Getting professional pension advice will more than pay for itself in the long run. We are an independent financial adviser based in Swadlincote, and pensions are one of our specialities. Whether you are approaching retirement, already retired, or just starting to think about a pension, our friendly, knowledgeable team can offer expert advice on pensions and investment. Get in touch today and let us help you make the most of your retirement.

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