What are your options if you’re approaching retirement with debt?

With income from regular work stopping when we retire, being debt-free at this milestone is often a goal. However, it’s not always possible. Whether you still have a mortgage or credit cards, it can be worrying to enter retirement with debt still to your name. However, there are likely to still be many routes you can choose and still be financially secure. If you find yourself in this position, you’re not alone. The fact that the first-ever retirement interest-only mortgage, that’s fixed for life, launched this year, highlights how many retirees are ...

Three reasons an Annuity might be the right choice and how to get the best rate

Annuities were never the most popular of options for retirees. Often seen as inflexible and poor value, many were bought begrudgingly by people who thought they had no other option. Since Pension Freedom was introduced, the number of Annuities being bought has dropped significantly. Figures from Retirement Advantage show that around 180,000 have been bought over the past two years. Despite a fall in popularity, there are still many reasons why an Annuity might be the right way of turning your pension into an income: 1.You want a guaranteed income, which ...

Retirement: What’s on your bucket list?

Happy Retirement on Tag on Wooden BackgroundRetirement means something different for everyone. For you it might mean more time with the grandchildren or longer holidays. For other people, pursuing hobbies and pastimes you didn’t have time for when you were working, or just the freedom to do what you want, when you want. New research, from Retirement Advantage, has shown, exactly what those people close to retirement plan to do when they finish work, and some of the results are surprising. The survey of 1,000 people over the age of 50 found that ...

Retirement: New survey reveals why you need to talk about retirement

Saving for retirement conceptMany people dream of an idyllic retirement, spending more time with the grandchildren, longer holidays, more time in the garden or on the golf course, but a new survey reveals most people are unprepared for their ‘golden years’ and many have never even discussed retirement with their partner. The Prudential surveyed nearly 2,000 adults, over the age of 40 and the results were frankly alarming: 1 in 5 women over the age of 40 will rely on their ...