Retire Well with Wealth of Advice

Wealth of Advice
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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. 1d ago

    86: Annuities, Drawdown and Beyond - Finding the Right Retirement Income Mix

    When it comes to retirement income, is it better to have guaranteed certainty or maximum flexibility? In this episode of Retire Well, Matthew and Joe explore one of the biggest questions retirees face: how much guaranteed income do you actually need? They discuss the role of State Pensions, defined benefit pensions and annuities, alongside flexible options such as drawdown, ISAs and cash savings. The conversation goes beyond the typical annuity-versus-drawdown debate, focusing instead on how guaranteed and flexible income can work together to create a retirement plan that matches your spending needs, attitude to risk and long-term goals. You'll learn: What counts as guaranteed income in retirementWhy essential spending is often the starting point for retirement planningHow State Pensions, defined benefit schemes and annuities fit into the pictureThe advantages and challenges of flexible income through pensions, ISAs and cashWhy cash can play an important role in retirement securityHow your need for guaranteed income may change throughout retirementThe relationship between guaranteed income, investment risk and peace of mindWhy stress-testing your retirement plan is so important Whether you're approaching retirement or already drawing an income, this episode will help you think more clearly about the balance between certainty and flexibility, and how to build a retirement income strategy that lets you sleep well at night. -- CHAPTERS 00:00 - Introduction 01:13 - What counts as guaranteed income? 03:24 - What spending needs to be secure? 07:28 - Your guaranteed income sources 10:30 - How much income should you guarantee? 20:15 - Changing your income over time -- 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.

  2. Sep 1

    85: 5 Essential Things to Do Before You Retire

    Retirement is one of the biggest financial and lifestyle transitions you'll ever make, but how do you know you're truly ready? In this episode of Retire Well, Matthew and Joe discuss the five essential things to think about before retiring. From understanding what your retirement lifestyle will actually cost, to mapping out your income sources, maximising tax-efficient opportunities, managing mortgages and cash reserves, and stress testing your plan against the unexpected, they share practical insights to help you retire with confidence. You'll learn: Why retirement planning should start with spending goals, not pension valuesHow to build a reliable retirement income planThe role of pensions, ISAs, cash savings and other assets in retirementWays to maximise tax efficiency in your final working yearsWhether paying off your mortgage before retirement is the right moveHow much cash you might want to hold as a safety netWhy stress testing your retirement plan can help you avoid costly mistakes Whether retirement is five years away or just around the corner, this episode will help you think beyond the numbers and focus on building a retirement plan that's both financially secure and personally fulfilling. -- CHAPTERS 00:00 - Introduction 01:05 - What will retirement actually cost? 06:18 - Mapping your retirement income 12:22 - Being tax-efficient in your final working years 18:24 - Mortgages, cash balances and major spending 25:50 - Stress testing the plan -- 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.

  3. Aug 25

    84: Care Home Fees, Gifting & Inheritance Tax Planning

    As retirement progresses, financial priorities often shift from building and spending wealth to protecting it. In this episode of Retire Well, Matthew and Joe explore the final stage of financial planning, focusing on care fee planning, inheritance tax mitigation, gifting strategies and leaving a meaningful legacy. The discussion covers key questions many retirees face in their 70s and beyond, including how to fund potential care costs, whether to gift assets during your lifetime, and how trusts can help protect wealth for future generations. Matthew and Joe also explain discounted gift trusts, business relief investments, immediate needs annuities, lasting powers of attorney and the importance of reviewing estate plans as legislation changes. Using the latest chapter of their ongoing case study, they demonstrate how later life planning is about balancing your own financial security with the desire to support children, grandchildren and loved ones. Topics covered: Care home fee planning and common misconceptionsGifting money to family and the seven-year ruleTrusts and inheritance tax planningDiscounted Gift Trusts explainedBusiness Relief investments and estate planningLasting Powers of AttorneyImmediate Needs Annuities for care costsBalancing financial security with leaving a legacy For more retirement planning insights, subscribe to the Retire Well podcast and join the conversation. 📩 Have a question for the podcast? Email us at: retirewell@wealthofadvice.co.uk 🔔 Subscribe for more retirement and financial planning insights. -- CHAPTERS 00:00 - Introduction 02:39 - Reassessing Your Income & Expenditure 04:15 - Approaching Risk In Later Life 08:45 - Considering Care Fees 18:44 - Reducing Inheritance Tax 24:00 - Discounted Gift Trusts 29:35 - Business Relief 32:55 - Case Study -- 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.

  4. Aug 18

    83: Have You Got Enough To Retire and Are You Making the Most of It?

    Retirement isn't just about reaching the finish line. Once you've stopped working and settled into life after employment, a new set of financial questions begins to emerge. In this episode of Retire Well, Matthew and Joe explore what happens when retirement becomes reality. They discuss how retirees can reassess their financial position, determine whether they're spending enough to enjoy life, and identify opportunities they may be overlooking. Topics include: Why retirement plans should evolve over timeThe risk of becoming too cautious with spendingHow annual reviews can uncover new opportunitiesTax-efficient ways to access retirement incomeDeciding where to take lump sums fromGifting money to children and grandchildrenInheritance tax planning strategiesThe role of trusts, surplus income gifting, and insuranceWhy wills and lasting powers of attorney should be regularly reviewed Using the ongoing case study of Alex and his spouse, Matthew and Joe explain how financial priorities often shift from accumulating wealth and generating income to thinking about legacy, family support, and estate planning. Whether you're recently retired or several years into retirement, this episode offers practical guidance on making the most of your hard-earned wealth while ensuring your plans remain aligned with your goals. 📩 Have a question for the podcast? Email us at: retirewell@wealthofadvice.co.uk 🔔 Subscribe for more retirement and financial planning insights. -- CHAPTERS 00:00 - Introduction 01:29 - Revisiting & Reviewing Your Plan 07:56 - Excess Savings 10:40 - Benefits Of Taking Advice 18:28 - Decisions & Tax Consequences 21:11 - Early Stage Estate Planning 27:20 - Mechanics of a Loan Trust 28:56 - Wills & Lasting Powers of Attorney 31:38 - Case Study -- 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.

  5. Aug 11

    82: Retirement Planning in Your 50s & 60s: Can You Afford to Retire?

    Are you approaching retirement and wondering "Can I afford to retire?" In this episode of Retire Well, chartered financial planners Matthew and Joe explore the key retirement planning decisions facing people in their 50s and early 60s. Whether you're thinking about retiring at 55, 60 or 65, this episode covers how to assess your retirement readiness, make the most of your pension, and avoid common retirement mistakes. Topics covered: How much money do you need to retire?Retirement planning in your 50sPension consolidation before retirementCash flow modelling and retirement income planningTax-free cash: when should you take it?Pension drawdown vs annuitiesInvestment risk approaching retirementHow to avoid running out of money in retirementRetirement lifestyle and life after workGifting money to children and retirement planningInheritance and legacy considerationsCommon pension mistakes to avoid We also discuss a real-world retirement case study involving a couple aged 58 with £900,000 in pensions and £120,000 in ISAs, exploring whether they can retire and how best to structure their income. If you're searching for guidance on retirement planning UK, pension drawdown, retirement income, how much pension you need to retire, or when to retire, this episode is packed with practical insights. 📩 Have a question for the podcast? Email us at: retirewell@wealthofadvice.co.uk 🔔 Subscribe for more retirement and financial planning insights. -- CHAPTERS 00:00 - Introduction 02:48 - Pre-Retirement Planning 08:25 - Your Investments Pre-Retirement 13:10 - Using Your Pensions For Income 20:51 - Longevity and Estate Planning 25:00 - Psychology of Retiring 27:57 - Case Study: Planning at 58 Years Old -- 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.

  6. Aug 4

    81: Your 30s & 40s - Smart Financial Decisions for Your Future

    Are your 30s, 40s or 50s feeling like a constant balancing act between mortgages, family costs, career progression and saving for retirement? In this episode of Retire Well, Matthew and Joe explore the key financial decisions that often arise between ages 30 and 50. From navigating tax traps and childcare thresholds to deciding whether to overpay your mortgage, invest through ISAs or boost pension contributions, they break down the opportunities and challenges many families face during these crucial wealth-building years. Topics covered include: ✅ The £60,000 child benefit threshold and what it means for families ✅ The £100,000 income tax trap and how pension contributions can help ✅ Pension vs mortgage overpayments: which should come first? ✅ Cash ISAs vs Stocks & Shares ISAs ✅ Pension consolidation and changing jobs ✅ Protecting your family with emergency funds, life cover and income protection ✅ Real-life financial planning examples and retirement modelling ✅ How to balance today’s priorities with tomorrow’s retirement goals Whether you're climbing the career ladder, raising a family, managing a mortgage or simply trying to make smarter financial decisions, this episode will help you think more strategically about your money. 📩 Have a question for the podcast? Email us at: retirewell@wealthofadvice.co.uk 🔔 Subscribe for more retirement and financial planning insights. -- CHAPTERS 00:00 - Introduction 02:21 - What Tax Traps To Look Out For 09:45 - How to Prioritise Your Goals And Funds 15:50 - Using Your ISA Allowance 18:53 - Cashflow Modelling & Estate Planning 24:30 - Life Insurance, Income Protection & More 26:47 - Case Study -- 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.

  7. Jul 28

    80: Early Stages Planning - Age 18 to 30

    What should you do with your first payslip? How much should you be paying into your pension? And how do you balance saving for a house, travelling, and enjoying life in your 20s? In the first episode of our new life stages mini-series, Matthew and Joe explore the key financial priorities for people aged 18-30. From understanding tax, National Insurance and workplace pensions to building an emergency fund and saving for your first home, they discuss the foundations that can set you up for long-term financial success. Using a practical case study, they examine how to prioritise competing goals such as paying off debt, building savings, travelling, and planning for the future, while highlighting why good financial habits matter more than getting every decision perfectly right. Whether you're starting your career, helping a son or daughter navigate their finances, or simply looking to refresh your knowledge, this episode offers practical guidance on making informed financial decisions in the early stages of adulthood. In this episode: Understanding your first payslipTax, National Insurance and workplace pensions explainedThe value of employer pension contributionsBuilding an emergency fundSaving for a first home and Lifetime ISAsCash savings vs investing for shorter-term goalsProtecting your income and future earning potentialFinding the right balance between saving, spending and enjoying life -- CHAPTERS 00:00 - Introduction 03:10 - Understanding Your First Payslip 09:22 - Time Is Your Superpower 10:45 - How Should I Be Using My Money 15:30 - Saving For The Long Term 22:47 - How Do You Protect Yourself? 24:55 - Case Study: How to Prioritise 28:31 - What Matters Now and What Can Wait? -- LIVE Q&A Join our next live Q&A by registering on our website: 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.

  8. Jul 21

    79: 7 Irreversible Retirement Decisions

    Retirement is full of choices, but some decisions are much harder to undo than others. In this episode of Retire Well, Matthew and Joe explore seven key retirement decisions that deserve careful thought before taking action. They discuss why taking tax-free cash without a clear plan could limit your future flexibility, how accidentally triggering the Money Purchase Annual Allowance (MPAA) can affect future pension contributions, and why timing matters when starting a defined benefit pension or purchasing an annuity. The conversation also covers the importance of planning as a couple, stress-testing your retirement plans against unexpected events, and putting essential estate planning documents such as wills and Lasting Powers of Attorney in place before they're needed. The episode finishes with a listener question about transferring a defined benefit pension and explains why some retirement decisions require specialist advice, even when they seem straightforward. Whether you're approaching retirement or already retired, this episode highlights the areas where taking a little more time to plan today could save a lot of regret tomorrow. Topics covered: Tax-free cash: when taking it makes sense and when it might notThe Money Purchase Annual Allowance (MPAA) explainedAnnuities and defined benefit pensions: timing your decisionsPlanning for a surviving spouse or partnerStress-testing your retirement income strategyWills, inheritance planning and Lasting Powers of AttorneyDefined benefit pension transfers and why advice matters -- CHAPTERS 00:00 - Introduction 00:40 - Taking Tax-free Cash Without a Plan 04:45 - Accidentally Triggering the Money Purchase Annual Allowance 09:20 - Starting Guaranteed Income Too Early 16:58 - Ignoring Your Spouse When Planning 23:20 - Retiring Without Stress Testing 25:08 - Leaving Estate Planning Until Its Too Late 29:05 - Listener's Question -- LIVE Q&A Join our next live Q&A by registering on our website: 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.

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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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