Archive for the ‘Retirement’ Category
Making Life a bit more Comfortable in Retirement
Comparing the marketplace for annuities and taking independent advice can indicate around 40% additional money in retirement.
Even if you have planned carefully for retirement the candidate of leaving work could be daunting; the majority of folks look forward to the liberty that retirement offers but many have concerns about falling into poverty during retirement. Those retiring in the next couple of years looks to a prolonged and healthier retirement than previous generations and thus alone getting your pensions decisions right is crucial.
Increasing flexibility and options
Individuals who have made careful plans and taken advice over the course of their careers is going to be best placed to produce the most of the pension funds. However, research suggests that recently 61% of people didn’t check around or take advice when it found investing their pension pot. So many people are uninformed that they’ll check around in any way, believing they need to invest with all the company they’ve accustomed to save the bucks. This will be a costly mistake, especially since some of the regulations concerning pension funding have changed. Previously requirements to purchase an annuity before reaching 77 resulted in many pensioners felt pressured into taking out annuities with relatively little regard for the rates offered. This restriction may be lifted and also a variety of option is now available, including ‘drawdown’ schemes that allow one to leave funds in investments indefinitely.