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. 2d ago

    90: Retiring Before State Pension Age? How to Bridge the Gap

    If you’re planning to retire before State Pension age, how do you fund the years in between? In this episode of Retire Well, Matthew and Joe explore how to bridge the retirement income gap by making the most of the different assets available to you. They discuss why retirement planning shouldn’t just focus on pensions, and how cash savings, ISAs, defined contribution pensions and defined benefit pensions can all play a role in creating a sustainable and tax-efficient income. They also look at using your Personal Allowance before the State Pension kicks in, whether it can make sense to take a defined benefit pension early, and why being tax efficient shouldn’t come at the expense of enjoying the retirement you’ve worked for. Plus, they explore how your financial plan may need to change once the State Pension starts, from investment decisions and gifting to inheritance and estate planning. Finally, Matthew and Joe discuss how potential inheritances should fit into a retirement plan and why regular reviews are so important as your goals, tax rules and circumstances change. -- CHAPTERS 00:00 - Intro 02:49 - What do you have available to fill the gap? 06:28 - Role of cash in retirement 08:11 - What tax-efficient sources you can use? 12:30 - How defined benefit pensions change your income need 18:40 - What changes at State Pension Age? 23:00 - Importance of Ongoing Advice 26:55 - Summary, Listeners Question and Outro -- JOIN OUR BUDGET Q&A28th October 2026, 5:30 PM - 6:30 PM 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 Subscribe to our newsletter for monthly retirement planning insights. 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 29

    89: How Long Will £500,000 Last in Retirement?

    How long could a £500,000 pension really last in retirement? And what could make your money last longer, or run out sooner? In this episode of Retire Well, Matthew and Joe explore what a £500,000 pension could mean for someone approaching retirement, looking at different levels of retirement income and the impact of the State Pension. They also discuss why investment growth, inflation and the timing of market movements can make such a significant difference to your retirement plan. They explore how much investment risk you might consider in retirement, the importance of keeping sufficient cash available, and why your spending is likely to change throughout different stages of retirement. The conversation also moves beyond the numbers to an equally important question: are you making the most of the money you’ve worked hard to build? Plus, Matthew and Joe answer a listener question about whether people ever regret retiring too early, and why retirement planning should start with what you want from life rather than simply focusing on a target pension value. -- CHAPTERS 00:00 - Introduction 01:06 - How long will an uninvested pension last? 02:16 - How investment returns can change the outlook 12:38 - The risk of inflation 16:51 - How your income changes over time 23:28 - Listeners Question 26:25 - Outro -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER Subscribe to our newsletter for monthly retirement planning insights. 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. Sep 22

    88: Retirement FAQs - Pensions, Care Costs & Equity Release Explained

    In this episode of Retire Well, Matthew and Joe answer more of your retirement and financial planning questions. They explore why defined benefit pensions are often considered the “gold standard”, what happens to AVCs when you take your pension, and whether a fixed-term annuity triggers the Money Purchase Annual Allowance. They also discuss how upcoming inheritance tax changes could affect pension death benefits and whether your pension nominations need to form part of your will. Plus, they look at whether it’s possible to save too much into your pension when you’re younger, how to plan for potential care costs later in life, and how equity release actually works when you’re already retired. If you have a question you’d like Matthew and Joe to answer in a future Q&A episode, leave a comment on YouTube or Spotify, or get in touch via the Retire Well website. In this episode: Why are defined benefit pensions considered the gold standard?What happens if you don’t take your AVC as tax-free cash?Do fixed-term annuities trigger the Money Purchase Annual Allowance?Do pension nominations need to be included in your will?When can you stop contributing to your pension?How much should you plan for future care costs?How does equity release work in retirement? -- CHAPTERS00:00 - Introduction 00:50 - Are DB pensions the gold standard? 04:10 - DB pensions & AVC options 09:04 - Does an Annuity trigger the MPAA? 13:00 - Should my pension be in my Will? 17:30 - DB advice costs 23:20 - Can I over contribute to my pension? 29:30 - Care costs explained 34:53 - Equity release logistics -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER Subscribe to our newsletter for monthly retirement planning insights. 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. Sep 15

    87: 5 Hidden Retirement Costs Most People Forget to Plan For

    Are you planning for retirement and wondering whether your savings will be enough? In this episode of the Retire Well Podcast, Matthew and Joe from Wealth of Advice discuss five hidden retirement costs that many people overlook when building their retirement plan. While most people account for regular monthly expenses, it's often the unexpected and irregular costs that can have the biggest impact on long-term financial security. Topics covered include: Home maintenance, repairs, and renovationsReplacing and running a car in retirementThe long-term impact of inflationSpending more money simply because you have more free timeSupporting children and grandchildren through gifting and financial help The episode also explores practical ways to plan for these costs, including contingency funds, cash flow modelling, and creating a retirement strategy that reflects real life rather than just monthly bills. Whether you're approaching retirement or already retired, this conversation will help you avoid common planning mistakes and build greater confidence in your financial future. Have a retirement question? Leave it in the comments and it could feature in a future Q&A episode. Subscribe for more retirement planning and financial advice content every week. -- CHAPTERS 00:00 - Introduction 01:11 - Maintaining, Running & Updating Your Home 06:40 - Replacing Your Car 10:20 - Inflation 17:20 - Having More Time to Spend 22:30 - Helping Your Loved Ones -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.retirewellpodcast.co.uk -- SUBSCRIBE TO OUR NEWSLETTER Subscribe to our newsletter for monthly retirement planning insights. 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. Sep 8

    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.

  6. 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.

  7. 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.

  8. 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.

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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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