Categories
Categories
How much will you need to retire?
Quarter of savers approaching retirement at risk of not having an ‘adequate pension’
One of the biggest mistakes you can make is not saving enough for your retirement. This can leave you struggling to make ends meet in your later years, and may even force you to rely on others for financial support. It’s never too early to start saving, and the sooner you start, the better off you’ll be.
Categories
Starting a family
What steps to take to prepare financially
Having a baby is one of the most exciting, life-changing events that you’ll ever experience. But along with the joy and happiness that comes with starting a family, there is also the reality of the added costs.
General principles to help you attain specific goals
The cost of living crisis is putting immense pressure on many households across the country. In order to make ends meet, some people are cutting back on their spending and looking for ways to save money. One of the best ways to save money is to set goals.
Financial planning essential to help balance priorities
As the cost of living crisis continues to rise, midlifers are set to be impacted particularly hard. This is because many midlifers are still paying off mortgages and other debts, while also trying to support their families. This means that they often have less disposable income than younger people.
Categories
Planning for the future
Insight into the hopes, fears and aspirations of people approaching and in retirement
People aged between 55 and 64 are now less confident about their retirement than they were a year ago, with over-55s most likely to be worried about rising prices.
Categories
Failure to save enough for old age
Meeting the financial demands you may face in later life
The significant increase in property prices in recent years has likely shifted many people’s expectations of the role property wealth will eventually play in supporting their retirement. With people spending longer in retirement, one of the challenges that many need to overcome is how to fund it and how to meet the financial demands they may face in later life, such as the cost of long-term care.
Categories
Non-retirees
It’s never too late to think about saving for retirement
How much do you think you’ll need to fund your retirement? Of course, the answer to that question will depend on what you want to do when you stop work. Worryingly, almost half of non-retirees (46%) are unable to identify how much they believe retirees receive annually from their State Pension, according to a survey[1].
Categories
Develop a robust retirement plan
Having a good idea of the lifestyle you want is key
People planning for retirement should think hard about what they want to do when they eventually stop work. It is helpful to have a good idea of the lifestyle you want, how much it will cost and how you are going to pay for it.
Categories