In this episode I chat with Jim Muehlhausen, a specialist in helping business owners to increase their wealth by the practice of "Half Retiring". Key Takeaways People half-retire for many reasons. The main one is that they wish to keep their income, but want to get [...]
With an increasing number of people feeling almost 'forced' into early retirement due to the current economic climate, many are questioning "how long does a pension last?" The ideal answer will of course be: "as long as you do" but with an average life expectancy in the UK of 81.26 years, retiring early could [...]
If you are struggling financially at the moment it can be very tempting to either reduce or completely pause your pension contributions, afterall, you can always make it up later – can’t you? The truth is, no, not always and the impact on your retirement income could be significant, especially given the rise in [...]
Starting to save early for retirement is very important. For most people in the early stages of their lives, perhaps in their first or second job or just starting their own business, retirement is something that's too far away to think about. Yet, when it comes to saving for your retirement, the earlier [...]
Are you considering a Defined Benefit Pension Transfer? A defined benefit (DB) pension scheme is one where the amount you’re paid in retirement is based on how many years you’ve worked for your employer and the salary you’ve earned. They pay out a secure income for life, which increases each year. This video [...]
2020 has been a difficult year for many of us. As it draws to a close, perhaps it's an appropriate time to focus on the things you can control and think about the action you could take to improve your finances in 2021 and beyond. This article provides an overview of 4 areas for [...]
How the pandemic is leading to changes in future retirees' plans... This article provides an overview of 5 areas for you to consider: Take Control Of Your Retirement Plans Staggered Retirement Flexible Retirement Income Delaying Retirement Retirement Wealth Check 1) Take Control Of Your Retirement Plans Have you [...]
When it comes to cashing in pensions, what are pension freedoms and when do the rules apply? This video outlines the three main options you have when cashing in pensions, which for many will be the most important financial decision they will ever make and include: The Piecemeal Approach Income Drawdown Buying an [...]
Have far have you got when it comes to preparing for retirement? Retirement is much more than just about money. In this video, we will also explore the emotional aspect of preparing for retirement and the things you need to consider to be able to enjoy it. [...]
£19m has been released each day since the launch of Pension Freedoms. In his 2015 Spring Budget, then-chancellor George Osborne introduced sweeping changes to the way that pensions are taxed. The new pension freedom rules have led to the over-55s being faced with a variety of different choices when taking and investing their [...]