WATFORD FINANCIAL ADVICE

Average pension in Watford

Average pension in Watford

No one likes to think about how much they’ll need to retire on. But a little preparation never hurts - especially when it means a comfier retirement down the line. We’ve done the research for you and found that on average, locals in the East of England typically:

  • Have an average pension of £130,395
  • Have a life expectancy of 81 years
  • Should expect a pension shortfall of £17,366

These figures should give you a rough idea of how much you’ll need to retire in Watford. However, if you’re worried your projected pension pot won’t cut it or are still unsure of what’s enough, speak to a financial advisor. We’ll help you connect to one in your area for free to help you explore your options.

Property market in Watford

If you’re like most people, you can rely on a State Pension and your personal or workplace pension when you retire. But will these sources be enough to help you afford the retirement you want? Thankfully, if you’re a homeowner, you have many more financial options.

Many local Watford homeowners sell their family homes and downsize when the kids have left. While those that want to keep living in their homes, might phase into retirement or take in lodgers to help finance home improvements. You may also consider products like equity release or annuities, which can offer extra cash for your ideal lifestyle or travel.

According to the latest data from Rightmove, the average house price in Watford is £446,088, up 5% from the previous year. As more people aim to get on the property ladder, this could be an ideal time to speak to an advisor about the value in your home and your retirement income options.

Where do people in Watford retire to?

Financial advice in Aldenham, Watford

Aldenham

Walking around Aldenham might feel like going back in time. Historic farms and a 16th century hall house are some of the landmarks that give it its timeless charm. Fans of the outdoors will also appreciate Aldenham’s abundant green spaces. Boasting a nature reserve and county park, it’s no wonder that it’s a popular destination for Londoners who want to escape the hustle and bustle of city life.

Financial advice in Hunton Bridge, Watford

Hunton Bridge

Scenic waterside walks, listed buildings and easy access to London mean Aldenham is ideal for retirees that want to get away, but still have amenities within reach. The settlement produced malt for hundreds of years. It was also a popular destination for a future king. The Lord of Langleybury, who became King Charles I, regularly stopped off at The Kings Lodge public house after hunting trips. Today, the historic 16th century pub still serves many hungry travellers.
Financial advice in Leavesden, Watford

Leavesden

This former agricultural community became a key part of British aviation history. After the Aerodrome was established, its factories built thousands of helicopter engines. Today, Warner Bros owns the site, which is home to a film and TV studio and Harry Potter studio tour. It’s not only history and film buffs that flock to Leavesden. It’s 110 acre country park, excellent transport links and amenities make it ideal for retirees that want to stay active too.

Our Local Financial Advice service

Local Financial Advice’s free advisor matching service connects people all over the UK daily with FCA-regulated experts. Wherever you’re based in Watford, we’ll match you with the financial advice expert that’s right for you.

So whether you are looking for advice on your retirement plans, investments, wealth management, financial planning or thinking about your long-term financial future, we can help put you in contact with a trusted financial advisor who will listen to your needs.

Learn more about how we help you connect to local financial advice experts, how our free advisor matching service works and why over 900 happy customers rated us Excellent on Trustpilot.

Click to Find a Financial Advisor in Watford

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.