Case study on how we helped a retired executive who needed to work out whether he had enough put aside to continue with his lifestyle in retirement and also whether he could afford to purchase a property abroad. By creating a comprehensive financial plan we were able to show him that he had enough accumulated to afford to fund his lifestyle and buy the property. We also helped him to simplify his financial affairs.

1. This gave the clients confidence that they had enough
Case Study money put aside and enabled them to go ahead with the
purchase of their holiday home.
Post Retirement We then consolidated their existing assets both to take an
income for retirement and also to make best use of the tax
Planning advantages of certain investments.
Following this we set up a portfolio to manage the risk of
Summary: their investments while keeping on track towards their
ultimate goals.
A retired executive needed to work out whether he had
enough put aside to continue with his lifestyle in
retirement and also whether he could afford to Outcomes and Impact:
purchase a property abroad. By creating a The clients had the confidence to go ahead with their
comprehensive financial plan we were able to show him retirement plans safe in the knowledge that they were well
that he had enough accumulated to afford to fund his provided for.
lifestyle and buy the property. We also helped him to
simplify his financial affairs. They were able to make sense of their current financial
situation and also examine the impact of possible future
Background: ventures.
We were approached by a retired company executive We were also able to use the fact that the wife was a non
who was about to leave employment and needed help tax payer to transfer some assets to her name and create
to both manage his existing portfolio of assets and to an effective income free of tax for the first year.
work out whether he had enough accumulated to
continue with his desire lifestyle in retirement.
Continuing Support:
Problems/Challenges: Each year we schedule two reviews with the clients. The
first is to re-evaluate their financial situation and revise
The client needed to bring clarity to his financial affairs their financial plan so that we can take into account any
as he had accumulated a wide variety of investments changes to their circumstances and re-assess whether
during his working life. These were diverse and they remain on target to meet their long-term goals.
reflected decisions made at various points in his life but
were no longer an appropriate portfoliofor the new The second meeting reviews the clients’ investment
chapter in his life. portfolio and aims to keep it on track towards its goals
while taking the least risk needed to do so.
He wanted to purchase a retirement property in
Portugal and needed help with managing the funds
towards this project. Please contact us
Once these challenges had been addressed, he for further details:
needed a plan to ensure that he would never run out of
money and that his wife would be provided for should
he pre-decease her. Woodruff Financial Planning
The Colchester Centre, Hawkins Road,
Colchester, Essex CO2 8JX.
Our approach: Email: advice@woodruff-fp.co.uk
Initially we sat down with the client and his wife to Fax: 01206 266885
establish their current position and understand their
plans for the future. This gave us an opportunity to get Tel: 01206 266882
to grips with the wide range of investments held so that
we could help rationalise them. www.woodruff-fp.co.uk
Once we had got to know what motivated the clients,
we were able to create a comprehensive financial plan.
This analysed their current and future assets together
with the income needed to maintain their high standard
of living both in the UK and abroad.
Principal: D Woodruff. Woodruff Financial Planning is Authorised and Regulated by the Financial Services Authority. This document is for
information only, and does not constitute financial advice. This document is aimed at United Kingdom residents only.
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