Financial Planning for 50-65 Year-Olds
This is your time to turn years of work into a secure, comfortable retirement — with control, clarity and confidence
You’ve spent decades building wealth, paying mortgages, raising children, saving, investing — perhaps running a business, juggling pensions, property, hopes of a smooth, well-deserved retirement.
Now you’re standing at the brink of what should be the most rewarding chapter. But without a clear plan, you risk: running out of money, misjudging home and care costs, overpaying tax, or leaving a messy legacy for your loved ones.
At Lucent, we help people in their 50s and early 60s turn uncertainty into clarity — so you retire on your terms, not by luck.
What’s At Stake — Why 50–65 Is So Critical
- Retirement income uncertainty. Many approaching retirement have pensions, savings or investments — but don’t know whether these will support their desired lifestyle. Indeed, fewer than one in five UK adults nearing retirement say they have a “very good idea” of how much they’ll need in retirement.
- Mistimed decisions. From when to draw pensions, whether to downsize property or up-size, when (or if) to sell a business, to balancing tax — these decisions often carry long-term impact. Getting them wrong can erode decades of savings.
- Longevity risk. As people live longer, retirement income needs extend. Underestimating life expectancy risks outliving assets. Recent data shows many retirees underestimate how long they’ll live — increasing the chance of shortfall.
- Tax, estate, inheritance complexity. If wealth isn’t structured properly, death or incapacity can trigger heavy tax bills, complicated probate, or unintended burden on family.
- Lifestyle & legacy uncertainty. Retirement isn’t just about money — it’s about maintaining lifestyle, funding health or care needs, perhaps helping children or grandchildren — or preserving a legacy. Without a plan, aspirations can slip through cracks.
Without action now, uncertainty becomes risk. With a plan — you regain control.
What a Robust Pre-Retirement Plan Looks Like
When done properly, a 50–65 life-stage financial plan will show you, clearly:
- The likely income your pensions, savings, investments and assets can generate
- When you can realistically retire — and how comfortable that retirement can be
- How to draw down money tax-efficiently — balancing income, tax, legacy and longevity
- How to structure estate, inheritance, legacy and (if relevant) business exit — minimising taxes, simplifying transfer, protecting what you pass on
- What lifestyle changes, spending capacity or legacy funding are realistic — without compromising security
- Contingency plans: longevity, health, care needs, unexpected events — so you’re covered, not exposed
In short: confidence — not guesswork.
How We Help — Your Retirement Roadmap in 5 Clear Steps
No overwhelming financial engineering. Just smart, honest, long-term thinking.
1. Free Financial Consultation
We discuss everything: pensions, savings, property, investments, business value (if any), debts, desired retirement age, lifestyle goals, family/estate wishes. Free, no obligation.
2. Modelling
We build a cashflow forecast: what your assets generate over time, what your expenses will likely be, how long savings last — with stress-tests for inflation, longevity, spending, tax.
3. Build Your Plan
We structure pensions, withdrawals, investments, tax strategies, estate planning, protection — matching them to your lifestyle goals and family wishes.
4. Implement
We guide — or manage — pension consolidation, investment allocation, tax wrappers, estate documentation, protection policies, income layering (e.g. drawdown + annuity + safe investments), so you don’t have to navigate complexity alone.
5. Ongoing Support & Review
Retirement isn’t static. As laws, markets, health or family change — we revisit and adjust your plan to keep retirement on track.
Who This Stage Serves Best
- Professionals nearing retirement (55–65), with pensions, savings or business value — wanting to know whether they can retire comfortably
- Couples planning retirement together — aiming for lifestyle continuity, security, legacy or philanthropy
- Business owners preparing for business exit + personal wealth extraction
- Individuals who postponed retirement savings or started late — who need smarter strategy, not panic
- Families concerned about estate, inheritance, wealth transfer, care costs or legacy — wanting protection and peace of mind
If you want to retire with confidence, not uncertainty — this is the time to act.
Why Clients Trust Lucent at This Stage
✅ Holistic, joined-up advice — pensions, investments, tax, estate, protection and retirement income all connected, not siloed
✅ Independent, Chartered & Regulated Advisers — no product-pushing; advice built around you and your life
✅ Clarity & transparency — no jargon, no “nudge”, just understandable projections and honest advice
✅ Experience with pre-retirement and decumulation complexity — including pension drawdown, tax timing, inheritance planning, longevity risk
✅ Long-term partnership, not a one-off sale — we stay with you through retirement, market cycles, family changes, and help you adjust as needed
Not Sure Where to Begin? Start Here.
Are you truly on track for the retirement you want?
In just two minutes, this quick and confidential assessment helps you reflect on your financial readiness and clarity around pensions, investments and long-term goals. Once complete, we can use your responses to personalise advice around your goals and needs.
Gauge your confidence — and uncover what’s missing.
- Free
- Takes 2 minutes
- Get your score instantly
- Secure and confidential
Why Choose Lucent for Your Financial Planning?
Our financial planners, with the support of our wider team, work tirelessly to ensure our clients receive the highest standards of advice and care. We are proud of the reviews we receive on third party sites.(Numbers updated Dec 2025)
Ready to make the most of your wealth-building years?
Are you ready to take control of your retirement? Let’s find out — in a free, no-obligation retirement readiness consultation
- Are you thinking about reducing work hours or preparing for retirement with assets over £500k?
- Do you need help transitioning from earning to investing for income?
- Are you seeking advice on making the most of your wealth while enjoying your lifestyle?
- Do you want to optimise your investments to ensure financial security as you approach retirement?
If you answer yes to the above, get in touch.
FAQs
This depends on your personal financial situation and tax implications. Lucent helps you develop a phased retirement plan to ensure your pensions are drawn at the optimal time to minimise tax liabilities.
We offer personalised advice on reducing work commitments, transitioning into part-time or consultancy roles, and making sure your finances are structured to support your new lifestyle.
At this stage, it’s crucial to set up trusts, update wills, and consider gifting strategies to minimise inheritance tax and ensure your wealth is passed on according to your wishes.
Still have questions?
If you've got a question we haven't answered, we'd love to hear from you.