LINCOLN FINANCIAL ADVICE

Average pension in Lincoln

Average pension in Lincoln

No matter how long you’ve been managing your own finances, there are always questions that remain unanswered in relation to retirement planning. It’s incredibly difficult to predict how much you’ll need, so it’s not an easy task for anyone to undertake, but that’s precisely why we’re here to help.

We work with financial advisors in Lincoln and all over the East Midlands area, so we connect people with qualified professionals on a daily basis. They understand what it takes to plan for retirement and cover a range of financial topics with people like you, including how individual circumstances compare to the regional averages.

In the East Midlands in particular, people typically:

  • Have an average pension of £125,428
  • Have a life expectancy of 80 years
  • Should expect a pension shortfall of £15,781

Whether you come in above or below those averages, you can discuss what your financial future looks like with an advisor who’ll be matched to your personal requirements. From there, you could get recommendations that’ll change your outlook on your years of long-awaited freedom.

Property market in Lincoln

One of the most common topics of discussion with the advisors we work with is property. Whether it concerns renting, remortgaging or moving home in time for retirement, they have the expertise and local knowledge of Lincoln and the surrounding areas to help.

House prices in the East Midlands average out at £226,846 and they’re on the rise, too—that’s an increase of 14.3% on the year before—so this could be an ideal time for you to explore your options if you’re a homeowner.

You might already be in the thick of retirement planning or you might simply be considering some initial questions; it doesn’t matter how much preparation you’ve done—you can speak to a qualified advisor in no time to point you in the right direction.

Where do people in Lincoln retire to?

Financial advice in Market Rasen, Lincoln

Market Rasen

Heading to the countryside is nothing new for retirees and places like Market Rasen are amongst the reasons why. It’s right on the fringes of the Lincolnshire Wolds AONB about a half-hour’s drive from Lincoln, so people flock there for the freedom and tranquility it can bring in their later years. Home to the famous Market Rasen Racecourse and decorated with beautiful cobbled streets, market towns don’t come much more appealing than this.

Financial advice in Dunston, Lincoln

Dunston

One of the more affluent villages in the Lincoln area, Dunston is a retiree’s dream. From the regular car boot sales to outdoor swimming pools, there’s a lot to be said for the pace of life that Dunston can offer. It’s less than 10 miles from Lincoln as well, so the city life is never far away for those who want to dip their toes in on occasion.
Financial advice in Skegness, Lincolnshire

Skegness

It might be a fair distance from Lincoln (Lincolnshire is a rather gigantic county), but Skegness is the seaside of choice for those who want to leave the city behind in their retirement years. Its beaches, aquarium and seal sanctuary attract visitors from all around, so it’s thriving in the summertime and, thanks to the miles of eastern coastline, calming in the off-season for locals.

Why you should speak with an advisor

The financial peace of mind that stands to be gained from speaking to an advisor can’t be underestimated. We’ve helped many people in the Lincoln area by connecting them with a professional to discuss getting their finances in order.

The beauty of it, too, is that the first hour of consultation with your advisor is completely free. There’s no obligation to continue with the services and plenty of time to explore a range of financial matters with them while you decide what to do next.

By getting in touch today, you could be taking another step towards a comfortable financial future; all we need at this stage are a few details from you to be able to identify the right advisor to suit your needs. Why not enquire to see what your finances could look like in a few years’ time?

Click to Find a Financial Advisor in Lincoln

FREQUENTLY ASKED QUESTIONS

Do I Need a financial advisor Do I need a financial advisor

Do I need a financial advisor?

A financial advisor can offer valuable insight and expertise on a wide range of common financial concerns.

Key situations in which a financial advisor is likely to be valuable include:

  • Exploring your options during key life events such as retirement

  • Comparing quotes for pensions or insurance products

  • Investing large sums of money

  • Inheritance tax planning and intelligent saving

How much does an advisor cost How much does an advisor cost

How much does an advisor cost?

The cost of using a financial advisor can vary depending on your needs. You may be able to resolve your issues in a single consultation, or you may benefit from a more long-term collaboration.

At Local Financial Advice we're dedicated to providing a transparent and cost-effective experience for all customers:

  • Free, no-obligation initial consultation - Discuss your issues in detail and make a decision about whether you’d like to proceed before making any commitment.

  • Total transparency - Any costs associated with purchasing any product or service from your financial advisor will be broken down in detail.

How can I speak with my advisor? How can I speak with my advisor?

How can I speak with my advisor?

Many of the advisors we work with are flexible with how they can meet with you.

  • Your advisor will often try to first get in touch with you by phone to talk about the kind of advice you need.

  • If you decide to continue with their advice, advisors can meet you face-to-face. You can discuss any safety precautions the advisor should take if you arrange for them to visit your home.

  • Throughout your time speaking with your advisor, you may receive emails from them. These will often simply be to confirm your information or the details of future meetings you book with them.

Our Service Our Service

Is the advice one-off or ongoing?

The type of advice you need depends on your circumstances.

  • We encourage everyone we connect with an advisor to discuss their financial needs in detail so they can receive the right amount of advice.

  • You may only need one-off advice if you need help choosing a long-term product to support your retirement, such as an annuity.

  • If you need flexibility with your money, you may prefer ongoing advice from your advisor with you speaking every six months or year to see how your money is performing.

  • Whatever help you need, your advisor will clearly lay out the costs involved. These can be one-off costs or recurring, such as a fund management fee.