Thank you for completing our inflation healthcheck

You may be comfortable in retirement right now, but are you getting the best service from your adviser?

We understand that you might feel that you’ve done the hard work. You’ve put a financial plan in place, and you’ve moved from your time in the workforce and are now enjoying retired life.

But changes in financial conditions, such as higher inflation, could impact your retirement lifestyle. When did you last check in with your financial adviser?

Check your results below.

Review your portfolio

Your answers suggest inflation could have a meaningful impact on your current savings and/or investments. It may be worth reviewing your current financial plan and speaking to your adviser. Do you know how much you pay for advice? We could potentially save you money.

£50,000 savings could be worth £41,305, after 10 years

The impact of inflation could result in savings of £50,000 being worth only £41,305, in relative terms, after 10 years, resulting in a loss in spending power of £8,695.

In times of financial stress, such as the current cost of living crisis, it is usually sensible to have an ‘emergency fund’ that you can easily access for any increases in your day-to-day outgoings. However, this needs to be carefully balanced against the eroding effect of inflation on any excess cash you are holding which the graph illustrates.

Worried you've retired too early?

With high-profile business leaders such as the boss of John Lewis suggesting that one million retirees should re-join the workforce, should you be revisiting the health of your finances to check you are still comfortable in retirement? Planning your financial future doesn’t stop when you retire – now could be a good time to talk to a financial adviser.

In our recent survey, a number of respondents said they were coming out of retirement to take a part-time job as a result of inflation.

Source: Schroders Personal Wealth 'Inflation Watch Report', August 2022.

In it for the long haul: why invest for the long term

More so now than ever, the current challenging backdrop of sky-rocketing energy prices and the cost of living crisis means many of us are worrying about affording our bills over the next few months rather than how healthy our finances could be in a decade’s time. But concentrating on the short term could be putting your longer-term goals in jeopardy.

Read more on investing long term

Let's start with a free initial consultation

We'll begin with a free, no obligation conversation to understand if our service is right for you. There are no hidden fees or charges, and you’ll only pay if you choose to go ahead with the recommendations in your personalised financial plan.