In this podcast I discuss the ways in which retirement plans have changed, how best to ensure that your future is taken care of, and how the later chapters in our lives will look different in years to come.
Key Takeaways
It’s always important to consider that retirement affects not just ourselves, but those around us – from children to spouses. All plans should be made with not just ourselves in mind.
The purpose of a pension is to provide us with enough to live on after our working years, but this has changed due to longer life expectancies, less generous schemes and a lack of understanding.
A survey of people aged between 55 and 64 found that 25% of the age group only had enough in savings to last them ten years.
Make realistic budgets now and identify any shortfalls. This will allow you to adjust accordingly and ensure we are safer in the future.
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