The important question of when to start saving for retirement is one that many of us ask ourselves, always hoping that we haven’t left it ‘too late’. In a confusing time where income and interest rates are often low yet government advice is that we should all be saving in ISAs and private pensions, many people are left in a quandary, unsure of when and how to go about saving … [Read more...] about Retirement: When Should You Start Saving?
Retirement is a time for you to enjoy in comfort, having worked your entire life you want to be able to sit back, relax and not worry about things like money. Of course, in order to make this a realistic goal, you’re going to need to put plenty of thought in throughout the years before. Some people will simply have their state and workplace pensions, but others, perhaps people … [Read more...] about Constructing a Retirement Plan: The Basics
Not so long ago, a new scheme known as ‘auto enrolment’ was announced and it promised to radically change the rules regarding workplace pensions in the UK. Some of you, particularly those already in full-time employment may not have noticed any changes as yet, but they are going to happen and, thankfully, they will benefit the worker. What is a workplace pension? A … [Read more...] about Changes to Workplace Pensions: Questions Answered
“He was only two days from retirement!” You’ll hear that old cliché in almost every cop film as some old buck on the police force meets a sticky end in a plot-altering heroic act. They’ll bite the bullet capturing that one thing that eluded them after 50 years of coasting on the job – true honour. But that sticky end means they missed out on all the complications of … [Read more...] about How to have formidable finances when you retire
Retirement accounts are touted as the greatest thing to have for security once you stop working. Since many of them are guaranteed, or at least provide relatively stable returns, the money is guaranteed to be there when you need it. Unfortunately they all aren’t created equal, and many times you’re not getting what you think. Part of this has to do with our fixation on fixed … [Read more...] about Take Control of Your Retirement