Generation X: Can you afford to retire?

If you’re aged 39 to 54 you’re unlikely to have seen your Financial Adviser last year – only 8% of people in this age bracket did according to a recent Money Marketing report. Nestled between the ‘never had it so good’ Baby Boomers and the social media-savvy Millennials, if you’re a member of Generation X – born between 1965 and 1979 – you’ll be giving increasing amounts of thought to your retirement. This is a life milestone and an important time to seek advice. The same ...

Your guide to factoring the cost of care into your retirement planning

You’ve been planning your retirement for years. World travel, new hobbies, passing your wealth onto the next generation – you’ll no doubt have your priorities worked out, but have you factored in the cost of later life care? It’s a subject we’re likely not keen to dwell on but the increasing cost of social care means that finding space in our retirement planning for later life is essential. Here’s our guide to factoring the cost of later life care into your retirement planning. The rising cost of social care We’re living longer. ...

Can you afford to take a lump sum out of your pension?

Are you thinking about withdrawing a lump sum from your pension? Whilst it can be an attractive option, it’s important to remember that a pension is designed to provide you with an income throughout retirement. Before making a withdrawal, you should ask yourself: Would taking a lump sum now affect the lifestyle you can comfortably afford? Could it mean you run out of money during retirement? Taking a lump sum from your pension Once you reach the age of 55, your pensions will be accessible. You're free to choose how ...

6 tips for creating certainty in retirement

Retirement should be a milestone that’s celebrated. You’ve got more time on your hands to indulge in the things you enjoy. But that doesn’t mean it’s entirely stress-free either. Without your usual wage coming in, you may worry about how you’ll afford to live the lifestyle you want. Spending too much too soon is a real risk in retirement. But so is being overly frugal and missing out on opportunities you’ve been looking forward to. It can mean that a retirement that promised much falls short despite having the funds ...