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 [...]
In the podcast I discuss why it's so crucial for your pension to perform well in the long term, and how a negative or positive flux could impact your future. Key Takeaways Pensions represent a long term investment, more so than any other type of investment. [...]
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 [...]
Whether you're heading towards retirement, just about to retire, or already in retirement, you will face crucial decisions about how to organise your income. In this Tony Talks Wealth episode, I share the six steps you need to take in order to secure your retirement income. Key [...]
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 [...]
In this podcast episode, I cover two vital topics: How to access small cash sums from your pension pot How to cash out your pension entirely if you wish to do so Key Takeaways For each cash withdrawal, the first 25% is tax-free. The rest comes [...]
In this podcast episode, I look at the ever-more important topic of pension freedoms, with a particular focus upon the decisions you need to make in order to access your pension pots. Key Takeaways Those aged over 55 now have a far greater freedom of choice [...]
Today's Tony Talks Wealth episode discusses delaying retirement, and why many have now considered working for much longer than they previously hoped. Key Takeaways The pandemic has forced a nationwide rethink of finance in general, and how we manage our money. As a result, many over [...]
Staggered retirement is becoming an increasingly popular option for people who aren’t quite ready to leave the world of work, or who may not yet be in a position to do so. But how can we ensure we make the most of this option when the time comes? This week's Tony Talks Wealth episode [...]