Bucket Case No. 2 - Brett Investment
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Brett Investment: BettrLife - pensions and investments

Bucket Case No. 2

Business owner who wanted out

Bucket Case No. 2: Business owner who wanted out

Michael Confused owned his own business, but quite frankly he had had enough. Work was no longer enjoyable and Linda, his wife, was about to retire, so he wanted to know if he could too.

The trouble was that although he had various investments and pensions, as well as a business to sell, he didn’t know if it was going to be enough for him and his wife to lead the kind of retirement they always envisaged.

Essentially what he wanted to know was how big his bucket needed to be.

Michael and Linda had accumulated various assets during their lifetime. They owned their own home (value of £350,000), had investments and pension funds of about £400,000 plus they also had Michael’s share of the business (the value of which they weren’t sure about).

To be honest they were confused and needed help.

This is what we did…

First of all we got Michael and Linda to think about the kind of lifestyle they wanted for now and into their retirement. It turned out that each had a passion for travel, so using powerful financial planning software we developed our BettrPlan with them. This helped calculate how much they would needed in their bucket for Michael to retire and be able to live the life of their dreams without the fear of running out of money.

More importantly, Brett Investment was able to calculate how much Michael would need to sell his share of the business for (after costs and taxes) to have enough money. It turns out it was less than Michael thought but it also turns out that now that Michael knows his number he has greater certainty and confidence about his future and has now began to enjoy work again.

Michael and Linda are now well on course to achieving their plan. They meet annually with us, so that real progress can be made and their dreams become reality.

Bucket Case No. 1

Happily retired and comfortably off

John and Jane Well-Off were retired and although instinctively they knew they had more than enough income and assets to support their own life, they also knew that a large part of their estate would end up with the taxman.

Bucket Case No. 3

Retired and worried about spending too much

Bob and Alice Can-We-Spend-It had been retired for a couple of years. They had always dreamt of retirement and the things they’d do together and the places they would see.

The trouble was, they were worried about spending too much, too early, and not having enough for their later years.