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Many people assume that once they’ve retired, the hard work of financial planning is over. You’ve built your business, sold your company or stepped back from executive life. Now it’s time to enjoy the rewards. But retirement isn’t the end of financial decision making - it’s simply a new phase and often a more complex one. The difference is, the margin for error can be much smaller.
At Two10 Investment Services, we often see a common theme: the plan that got you to retirement isn’t always the plan that will support you through retirement.
Cashflow Clarity Is Not a One-Off Exercise
In retirement, cashflow becomes a different kind of question. It’s no longer about how much you can invest - it’s about how much you can sustainably withdraw. Without an active income, every withdrawal decision matters. We help clients model different spending scenarios using cashflow modelling, with the aim of providing a clear picture of how long assets may last under various lifestyle and market conditions.
This approach is especially important for high-net-worth individuals who may have assets across multiple accounts, property portfolios or business interests. A structured withdrawal strategy - grounded in up-to-date projections - aims to help maintain flexibility and avoid unnecessary tax leakage.
Markets Change - So Should Your Portfolio
Markets are dynamic and so are your needs in retirement. Whether you’re three years in or fifteen years in, your asset allocation should reflect both current market conditions and your evolving goals. Many retirees continue holding portfolios designed for growth, unaware that their risk exposure no longer aligns with their lifestyle needs.
We aim to help clients strike the right balance between preserving wealth and generating income. This often involves strategic rebalancing and diversification across asset classes, while considering inflation, tax efficiency and changing spending habits. It’s not about making dramatic shifts - it’s about fine-tuning for the phase you’re in.
Annual Reviews Aren’t Just a Formality
People often tell us they haven’t reviewed their financial plan in years. That’s not uncommon - especially for those who feel financially secure. But retirement is rarely static. Travel patterns change. Healthcare needs evolve. Family dynamics shift. Even small changes can have long-term financial consequences.
We encourage annual planning reviews not as a box-ticking exercise but as a meaningful opportunity to realign your strategy with your life. These reviews help surface potential risks early - such as underfunded long-term care or unexpected tax burdens - and allow us to adapt the plan accordingly.
Tax Planning Doesn’t Stop When Work Does
In fact, retirement often opens up new tax planning opportunities - and risks. The timing and source of withdrawals (e.g. ISAs and pensions) can significantly impact your tax position. For individuals with complex structures or multiple income streams, thoughtful sequencing can help reduce unnecessary tax liabilities.
We work with clients to explore withdrawal strategies that are not only suitable but also structured to support tax efficiency. This may involve spreading income over time, making use of allowances or reviewing gifting strategies as part of long-term estate planning.
Closing Thoughts
Retirement isn’t about letting go of control. It’s about having clarity, confidence and the ability to enjoy the life you’ve built - without carrying the burden of managing every financial detail alone.
Whether you’re a few years away from retirement or already living it, now is the right time to revisit your plan. The goal isn’t just to help protect your wealth - it’s to help you enjoy it with purpose and peace of mind.
*Investments can go down as well as up and you might not get back the capital invested.
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