The upcoming generation of seniors can expect to experience a considerably different retirement from that of their parents. With life expectancy rising the average worker should not expect to retire in their 60s but later at age 70 or later. They will have to work longer and save more money before they can retire and enjoy...
Tag: retirement
Post
The Freelancer Guide to Pensions
With the recent government reforms on pensions, it’s never been more relevant to think about funding for later life. The introduction of a new flat-rate pension worth an estimated£144 per week in today’s money, will provide the UK’s elderly with “the minimum” they will need and no more. New laws are being passed in favor...
Post
How NOT to Invest For Your Retirement
It is easy to get trapped into the wrong advice given by unscrupulous financial advisors trying to sell you what’s good for them and not for you. “No problem,” they say. “You will double your investment” they claim, and you end up believing in their figures and their smile. There is another truth. If you...
Post
The Importance Of Retirement Planning
Never Too Early To Start Planning For Your Retirement Planning for your retirement is one of the most important financial decisions you can make. As a general rule, the earlier you begin to plan for retirement, the better. Even if you are young, it is always a responsible decision to save money for the future....
Post
Investment Ideas for Families
Investments are an important part of any family’s financial health. They help give you the security of knowing you have something to fall back on. And they can teach you and your children how the financial world works. Even if you’re a low-income family, you can still find investment options that work for you and...
Post
Thinking Ahead for Retirement Income
When you’re working and paying some of your salaries into a pension every month, you probably don’t give it much thought. But as the time to retire draws near, there are decisions to be made on how to use the money that you’ve been putting aside in your pension over the years. How much you...
Post
Retirement Is Coming Will You Be Ready?
Whether you are 25, 45, or even older, retirement is one topic that should never be too far away from your thoughts. Even though retirement may seem far away and there seem to be so many other important things to do, it will get here. And if you aren’t prepared and you haven’t planned for...
Post
The Benefits of Reverse Mortgages
Reverse mortgages are a way for retirees to release part of their home equity in the form of either a monthly payment, cash lump sum, line of revolving credit, or a combination of all three. These mortgage products have grown in popularity since their creation and now over 600,000 loans are outstanding moment. Although a...
Post
Saving Money In Retirement
A lot of bad news has been coming for current and future pensioners, increasing Britons’ anxiety about how we will fund our retirement. Between falling annuity rates, “granny tax” grabs, and the news we will have to work longer and longer before we can get a state pension, many might have a gloomy feeling about...
Post
Could Living a Long and Healthy Life Leave You Without Money in Retirement?
Will I have a long retirement? Should I live longer than average? Will I have enough money to support myself in retirement? Am I saving enough for retirement? These questions are key when you’re deciding how much money to save for retirement to live comfortably and have enough money for your entire lifespan. Obviously, no...