Retirement Planning

Helping you make the transition

Retirement Planning

Helping you make the transition

One of our clients had a 10-year exit plan and brought in associates to do all the clinical work. It seemed like the right move because he was building an associate led practice to sell for the maximum value, but he was miserable. He loved clinical work, and now he wasn’t doing it anymore. He had accepted that that’s just the way it goes and misery was the price for expanding. But there was another way: he could get rid of the associates and go back into full time clinical work alone.

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Yes, the exit value would suffer but he’d earn far more in fees over the 10 years to offset that, and he’d be much happier. No doubt he would live longer too. This hadn’t been at all obvious to him before he conceptualised his time differently.
Yes, the exit value would suffer but he’d earn far more in fees over the 10 years to offset that, and he’d be much happier. No doubt he would live longer too. This hadn’t been at all obvious to him before he conceptualised his time differently.
Obviously you want your wealth and wellbeing to be carefully looked after but sometimes we make poor decisions through omission or misunderstanding. At heart our retirement planning service is a supportive conversation over weeks, months or years that helps you plan one of life’s most challenging transitions both financially and emotionally, in the best way for you.
Obviously you want your wealth and wellbeing to be carefully looked after but sometimes we make poor decisions through omission or misunderstanding. At heart our retirement planning service is a supportive conversation over weeks, months or years that helps you plan one of life’s most challenging transitions both financially and emotionally, in the best way for you.

Our INSIGHT

“Many a principal has thought “I want to retire in 10 years” but when they’ve finally done the maths they’ve realised they need to sell for a higher price tag to have enough left over to live on. Pension yields aren’t what they once were. It can be a shock, especially if you’ve been living well for the past decade, drawing £100k or £150k a year, safe in the belief that your £1m asset — the practice — will be your pension. If it’s not going to be enough then your path for the next five or 10 years must change.”
Hayley Robins, Senior Accountant at Hive Business.

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