Most people spend their working life aiming to save and accumulate wealth to provide for a comfortable retirement. Then, as retirement approaches it is important to review future plans and develop a strategy to maximise the likelihood of lifetime financial security. Frequently, the fear is of running out of money in later life, suffering a fall in living standards, or being unable to pay for care if required. It is essential to structure pension income in the most appropriate manner and optimise investments, mitigating risks as far as possible. In addition, balancing lifetime financial security with helping children and inheritance tax mitigation requires comprehensive planning.