Retirement Planning

When looking to retire, most people aim to maintain or enhance their current lifestyle standard. However, an independent survey found that 18% of workers anticipate having to work into their mid-60s because of financial constraints, 24% plan to retire at age 65, and 39% are concerned about not having enough savings to support them during retirement.

Unfortunately, without retirement planning and preparation in place, you could end up financially insecure, with a lower standard of living as you scrimp and scrape through retirement.

At Boxwell, we can help with your exit strategy, your succession planning and pension planning.

If you’re a business owner, it’s important to think about your exit strategy. You must determine whether you want to step away from the business, sell, or pass on to the next generation. 

If you choose to transfer ownership, a succession plan will be necessary, which an accountant can help you with by evaluating the value of your business and its assets, while identifying a suitable buyer to take your place. We can handle all of these responsibilities, as well as manage tax implications during the disposal process.

Do you have the right balance between savings & investments and high & low-risk exposures?

Many assume saving and investing are the same financial activity, when in reality they are very different. While they’re both methods of putting money away for the future, they should be treated differently and serve different purposes. 

We can help you understand the difference and find the right balance. We won’t sell your investments, but we can offer guidance on what you’ve invested in and the tax implications involved.