RetireEasy is a new pension dashboard and retirement planning tool which aims to fill the space left following the closure of Royal London’s Money Manager service, which we reported on at the start of September.
In “Retirement is an income, not an age”, Shrewdcookie makes the good point that you can’t really guarantee a retirement age any more, and that you really need to be planning the the amount of income you’ll require to live for the length of time you expect to live after giving up work.
A report released yesterday suggested that many of us would contribute more to our pensions if we knew we could dip into the fund at a later date if necessary.
Would you raid your pension if you could, or do you think this is a dangerous idea?
Recent research by AXA has shown that as many as 1.5million people have considered suspending paying into their pension in the current climate.
As part of the BBC’s reports on The Downturn, they’ve posted a series of tips and further reading for helping cope with a recession.
Some bad, if not entirely unexpected news for us men, which is that the average retirement age has risen to just below 65. This is the highest average age since records began in 1984.
On the day that we learn that pension scheme membership is falling, I’ve bucked the trend and actually started making my own contributions into the company pension scheme.
Plonkee has written a couple of brilliant articles this week comparing the pros and cons (and maths) of funding your retirement with a pension or buy-to-let properties. The maths is pretty complicated but also intriguing; in her calculations, the buy-to-let option comes out on top, although she concludes that the risk is naturally greater, and […]
I’ve been wondering for a while about the validity of using ISAs to fund your retirement, as a possible alternative to contributing to a traditional pension. With the complexity surrounding pensions, ISAs could provide a simpler, more accessible option. There are of course plenty of factors to take into account: tax relief on contributions, annuity […]
For those of us in our 20s and 30s, saving for retirement is often the furthest thing from our minds, and even when we do have to think about it, estimating just how much we need in our pension pot in order to enjoy a comfortable retirement is pretty difficult. A recent survey by stockbroker […]