With many financial planning prospects now uncertain, this episode of Tony Talks Wealth examines retirement planning; how it has been affected by COVID-19, and what you can do to make sure your future is better secured.
Key Takeaways
The impulse to protect what we have, and secure the future for ourselves is understandably strong, especially with the radical financial shake-up caused by COVID-19 and its effects upon our society.
The key as we approach retirement is to keep close track of our pension contributions so that we know if we’re closing in on our annual pension limits, or if we have scope to pay more into it.
Be flexible and make sure you’re able to adapt, if and when required, to changes in our circumstances. This may require contribution adjustment, or re-evaluating the age at which we retire from working.
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