Client Case Study – can I afford to retire early?
The challenge
Client ‘C’ was referred to High House Wealth Management by a satisfied existing client. She was in a job she found unfulfilling and wanted to retire early to spend more time with her elderly father. However, she believed her financial situation would not allow her to achieve this goal.
Our Approach
- Initial consultation:
We met with ‘C’ to understand her priorities and concerns. We discussed her financial goals, with a focus on retiring early to maximise time with her father. - Comprehensive Financial Review:
- I analysed ‘C’s savings, pensions, and investment portfolio.
- Conducted a detailed cash flow analysis to project her financial situation over the long-term.
- Evaluated her current and future spending needs, factoring in her desired lifestyle, holidays, and caravan trips.
- Action Plan:
Based on my findings, I confirmed that ‘C’ could afford to retire early without compromising her financial security. I outlined a personalised financial plan, detailing how her resources would sustain her desired lifestyle while enabling her to spend valuable time with her father.
Outcome
Following advice, ‘C’ handed in her notice and retired. She spent precious years with her father, creating meaningful memories before his passing. We continue to meet regularly to review her financial plan, adapting it to her evolving needs. This includes supporting her love for travel and caravan trips, and helping her to continue to live the life she enjoys.
Impact of Financial Advice
Had ‘C’ not sought professional advice, she would likely have continued working, missing out on the irreplaceable opportunity to spend quality time with her father during his final years.
Key Takeaways
- Personalised Planning: A detailed review of ‘C’s finances and goals revealed she could afford early retirement, despite her initial doubts.
- Life Impact: Financial planning is not just about numbers—it’s about enabling people to live the lives they value.
- Ongoing Support: Regular reviews ensure ‘C’ continues to enjoy her hobbies and remains financially secure in retirement.
High House Wealth Management takes pride in helping clients achieve their goals and make the most of life’s precious moments.
The advice provided to 'C' was given after a full evaluation of her specific needs, circumstances and requirements. The solution provided would not be suitable for everyone and does not constitute general advice.If you would like to talk to us about how financial advice could benefit you, please book an appointment.
