Retire Well with Wealth of Advice

Wealth of Advice

An educational podcast which focuses on helping you Retire Well, brought to you by Financial Planners at Wealth of Advice. We'll chat about our own experiences with clients, how we helped with their retirement journey and what you need to know to make sure you can Retire Well. Insights on pensions, investments, retirement plans and more, Retire Well hopes to make your retirement dreams a reality. Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909.

  1. 21h ago

    76: How to Use Your Tax Free Cash in Retirement

    Tax-free cash is one of the most talked-about features of pensions—but are you using it the right way? In this episode of Retire Well, Matthew and Joe break down common misconceptions and explore smarter, more strategic ways to use your pension’s tax-free cash. From improving tax efficiency to boosting long-term wealth and even supporting inheritance planning, how and when you access your money can have a huge impact on your retirement. We cover: Why you don’t have to take your tax-free cash all at onceHow to use it as a tax-efficient income streamWhen taking a lump sum actually makes senseStrategies for reinvesting tax-free cash wiselyThe role tax-free cash can play in gifting and estate planningKey differences between defined contribution and defined benefit pensionsImportant considerations around age 75 and inheritance tax If you’re approaching retirement or already there, this episode will help you make more informed decisions and avoid costly mistakes. --CHAPTERS:00:00 - Introduction03:24 - Don't Tax Your Tax-Free Cash Immediately05:42 - Defined Benefit vs Defined Contribution Tax-Free Cash09:45 - Using Your Tax-Free Cash As Income14:21 - Reinvesting Your Tax-Free Cash23:00 - Gifting Your Tax-Free Cash24:54 - Planning Before Age 7527:00 - Listener's Question--TALK TO USCall us: 0191 384 1008Email us: retirewell@wealthofadvice.co.ukWebsite: www.retirewellpodcast.co.uk--SUBSCRIBE TO OUR NEWSLETTERwww.retirewellpodcast.co.uk---Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    31 min

  2. Jun 23

    75: Do You Really Need a Financial Planner? When, Why & How to Choose One

    Thinking about getting financial advice but unsure where to start? In this episode of Retire Well, Matthew and Joe break down exactly when you might need a financial planner, the value they bring, and how to choose the right one for you. They tackle common misconceptions (hint: it’s not just about picking investments), explain how financial planning can help you avoid costly mistakes, and explore why advice can be just as crucial when spending your money in retirement as it is when building it. You’ll also learn: The key life stages where advice can make the biggest impact How financial planning goes beyond investments to focus on your goals Why some people wish they’d sought advice earlier What to look for when choosing a trustworthy financial planner How fees work—and what you’re actually paying for Whether you’re just starting to build wealth, approaching retirement, or wondering if you’re on the right track, this episode will help you decide if financial advice is right for you. -- CHAPTERS: 00:00 - Introduction 05:48 - When do you need financial advice? 17:28 - What is the financial planning process? 22:23 - How to choose a Financial Planner 27:40 - What does financial planning cost? 30:50 - Quickfire Questions -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER www.retirewellpodcast.co.uk --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    34 min

  3. Jun 16

    74: Pensions are Changing - What the New Inheritance Tax Rules Mean For You

    Pensions have long been one of the most tax-efficient ways to pass on wealth—but major rule changes coming in 2027 are set to shake that up. In this episode, Matthew and Joe break down how pensions currently fit into estate planning, what’s changing, and why it could significantly impact how (and when) you use your retirement savings. From the “first in, last out” strategy to the risk of double taxation, they explore the real implications for your long-term financial plan. They also discuss practical strategies to navigate the changes, including spending, gifting, trusts, insurance, and planning across generations—helping you balance retirement income with leaving a legacy. Whether you’re approaching retirement or already there, this episode will help you understand what’s coming—and how to plan with confidence. 📩 Got questions or want help with your own retirement plan? Email us at: retirewell@wealthofadvice.co.uk -- SIGN UP FOR OUR LIVE Q&A https://www.retirewellpodcast.co.uk/events -- CHAPTERS: 00:00 - Introduction 02:30 - What are the rules? 11:36 - How to fix it 22:06 - Loan Trust 24:33 - Discounted Gift Trust 26:04 - Business Relief 26:59 - Gifting 31:32 - Listeners Question -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER www.retirewellpodcast.co.uk --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    37 min

  4. Jun 9

    73: Should You Buy an Annuity in 2026?

    Are annuities really “rubbish” — or are they making a comeback? In this episode of Retire, Matthew and Joe break down everything you need to know about annuities, from how they work to who they’re actually suited for in today’s retirement landscape. Rather than jumping straight into products, they step back to explore the bigger question: what do you actually want from your retirement income — certainty, flexibility, or a mix of both? They cover: What an annuity is in simple terms Why annuities have had a resurgence since interest rates rose post-2022 Who might benefit most (and who might not) The pros and cons compared to drawdown Key options explained: single vs joint life, guarantee periods, inflation linking How health and lifestyle can impact your income (enhanced annuities) Why shopping around on the open market is crucial Whether you can change your mind once you’ve bought one Plus, they explore practical strategies like blending annuities with flexible drawdown and phasing into guaranteed income over time — helping you build a retirement plan that balances peace of mind with flexibility. Whether you’re approaching retirement or just starting to think about your options, this episode will help you make more confident, informed decisions about your pension. 📩 Got questions or want help with your own retirement plan? Email us at: retirewell@wealthofadvice.co.uk -- SIGN UP FOR OUR LIVE Q&A https://www.retirewellpodcast.co.uk/events -- CHAPTERS: 00:00 - Introduction 04:14 - Who should consider an annuity? 09:45 - Mechanics of an Annuity 11:00 - How do provides calculate an annuity rate? 14:21 - How to ensure your annuity does die with you 19:50 - How much does an increasing annuity cost? 24:26 - Am I able to get a higher income if I am ill? 27:15 - Listeners Question: 27:15 -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER www.retirewellpodcast.co.uk --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    33 min

  5. Jun 2

    72: What's Happened to Your Pension in the Last Decade?

    Brexit. COVID. Inflation. Market crashes. The last decade has been anything but normal… but what does it actually mean for your pension? In this episode, we break down: ✅ How markets have really performed (despite the chaos) ✅ The biggest pension rule changes you NEED to know ✅ Why inflation has quietly damaged savings ✅ What to do differently for the next 10 years 📩 Got questions or want help with your own retirement plan? Email us at: retirewell@wealthofadvice.co.uk -- SIGN UP FOR OUR LIVE Q&A https://www.retirewellpodcast.co.uk/events -- CHAPTERS: 00:00 - Introduction 01:51 - Investments over the last decade 11:11 - Inflation over the last decade 14:36 - DB Pensions & Annuities 20:45 - Legislation changes 24:12 - What hasn't changed 27:43 - Listener's Question -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER www.retirewellpodcast.co.uk --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    31 min

  6. May 26

    71: How to Budget for Retirement

    Most people have NO idea how much they actually spend…And that’s the biggest mistake when planning retirement.In this episode, we break down:✅ How to calculate your real retirement budget✅ Why your current spending might be wrong by 10–30%✅ The biggest mistakes that could leave you short✅ How to build a plan you can actually stick toIf you want confidence in your retirement plan, this is where to start.📩 Got questions or want help with your own retirement plan?Email us at: retirewell@wealthofadvice.co.uk--SIGN UP FOR OUR LIVE Q&Ahttps://www.retirewellpodcast.co.uk/events--CHAPTERS:00:00 - Introduction05:19 - How might your income change between employment and retirement?10:05 - How your spending might change throughout retirement12:25 - Practical retirement budgeting tips22:37 - What to do when you have your budget31:24 - Listener's Question--TALK TO USCall us: 0191 384 1008Email us: retirewell@wealthofadvice.co.ukWebsite: www.retirewellpodcast.co.uk--SUBSCRIBE TO OUR NEWSLETTERwww.retirewellpodcast.co.uk---Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    38 min

  7. May 19

    70: What Happens When Your Retirement Plan Goes Wrong?

    What happens when life throws your retirement plan off track? In this episode, Matthew and Joe from Wealth of Advice break down the real-life events that can derail even the most carefully thought-out retirement plans — and more importantly, how to recover and adapt. From redundancy and market volatility to unexpected health issues and spending mistakes, we explore the most common ways retirement plans go “wrong” — and why that doesn’t mean failure. You’ll learn: Why no financial plan is ever 100% accurateThe biggest mistakes people make when things changeHow emotional decisions can damage long-term outcomesReal client scenarios (including redundancy and market shocks)A simple framework to get your plan back on trackWhy flexibility is more important than perfection 💡 Key takeaway: A retirement plan isn’t about predicting the future — it’s about adapting to it. Whether you're nearing retirement or just starting to think about it, this episode will help you build confidence, avoid common pitfalls, and stay on course even when things don’t go to plan. 📩 Got questions or want help with your own retirement plan? Email us at: retirewell@wealthofadvice.co.uk -- CHAPTERS: 00:00 - Introduction 07:44 - What is the most common way a plan goes wrong? 08:17 - What to do if you are made redundant 11:48 - What not to do when stuff goes wrong 18:05 - How to assess your plan what things change 25:00 - Why lasting power of attorney matters 28:20 - Listeners Question -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER www.retirewellpodcast.co.uk --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    37 min

  8. May 12

    69: Are Pensions Still Worth It?

    Are pensions really worth it anymore — or have rule changes and bad press taken the shine off them? In this episode of Retire Well, Matthew and Joe explain why pensions are still one of the most powerful financial tools you have and how to use them properly on your journey to retirement. We break down the three major pension “superpowers” made famous by Martin Lewis — and add one crucial bonus that often gets overlooked. In this episode, we cover: - Why tax relief makes pensions unbeatable compared to other savings - How employer contributions can double (or even triple) your money - The hidden benefits of salary sacrifice (and what may change in future) - Why pensions still make sense despite rule changes and uncertainty - The true power of time and compounding for long‑term growth - Common pension myths — including “I can’t access it” and “rules always change” - Whether taking tax‑free cash and paying it into your spouse’s pension counts as recycling - What pensions aren’t — and why they shouldn’t be your only financial focus Whether you’re just starting out, building momentum, or approaching retirement, this episode explains how to turn pensions from something confusing into a genuine superpower. 📩 Got questions or want help with your own retirement plan? Email us at: retirewell@wealthofadvice.co.uk -- CHAPTERS: 00:00 - Introduction 03:04 - Tax Relief on Pension Contributions 08:17 - Employer Pension Contributions 11:48 - Salary Sacrifice 18:05 - Compounded Growth 25:00 - What A Pension Isn't 28:20 - Listeners Question -- SIGN UP FOR OUR LIVE WEBINAR: How To Prepare For Retirement Webinar https://www.retirewellpodcast.co.uk/events -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER www.retirewellpodcast.co.uk --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

    32 min
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About

An educational podcast which focuses on helping you Retire Well, brought to you by Financial Planners at Wealth of Advice. We'll chat about our own experiences with clients, how we helped with their retirement journey and what you need to know to make sure you can Retire Well. Insights on pensions, investments, retirement plans and more, Retire Well hopes to make your retirement dreams a reality. Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909.

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