Over the last few months McGleenan & Co has been working with clients seeking to take more control of the long term retirement planning.
While this area can be very daunting for people, with our knowledge & experience we have recently guided several clients through “helicopter view” meetings along the following lines:
Consider a retirement horizon and the associated succession planning.
Start shaping the likely arrangements that will determine the eventual sale of their business.
Agree on the financial capacity to fund pension contributions.
Agree a medium term approach for establishing a conservatively funded pension property portfolio.
Agree funding parameters with non-recourse debt that can be repaid rapidly using a tax exempt (until retirement) pension & unit trust structure.
Appoint property service advisors to find suitable properties, arrange tenants & manage the property portfolio, cost effectively.
At McGleenan & Co, we have a wider knowledge base that is particularly suited to family owned SME’s who need an approachable trusted financial advisor, to guide them to their long-term goals.
