Connect with us

Retirement Planning

It is often easy to view retirement planning or a pension as simply another financial product that costs you money, takes time to arrange and is not a priority for today. The truth, however, is rather different and the importance of making your own savings and starting to plan for retirement today has never been higher.

Here are some questions that might help you to start thinking about your own retirement planning:

  • At what age would you like to be in a position stop working?
  • How many years away is that?
  • What do you want to do when you stop working?
  • How long do you have to achieve that goal and what have you done to ensure you can achieve it?
  • How will you feel if you don't achieve this goal, knowing you could have done something about it?

Many people picture themselves retiring in their 50s or early 60s and enjoying exotic holidays and a leisurely lifestyle, but neglect to do anything about it. The earlier you retire, the larger your pension fund will have to be in order to pay you an adequate income to fund your desired standard of living.