When it comes to funding a full life in retirement, there are many factors to consider. From managing a substantial portfolio to balancing expenses like travel and socializing with care costs and taxes, the key is being prepared. Agatha, a 65-year-old retiree, understands the importance of navigating these financial challenges but realizes that her current approach may not be the most efficient.

With approximately £950,000 in her Isa, invested in nearly 50 stocks and funds, Agatha’s wealth stems from an inheritance she received from her late husband five years ago. In addition to her Isa, she holds a trading account, gold sovereign, a portfolio of five flats valued at £1 million, woodland, and her mortgage-free £1 million home.

While Agatha’s diverse portfolio may seem impressive, it also exposes her to a significant inheritance tax bill in the future. To ensure financial security and optimize her assets, Agatha needs to reassess her investment strategy and estate planning.

By consolidating her investments, diversifying her portfolio, and seeking professional advice on tax planning and inheritance strategies, Agatha can better protect her wealth and enjoy a more sustainable retirement lifestyle. With careful consideration and proactive financial management, Agatha can achieve a balanced and secure financial future.