In this episode I walk you through how to calculate your retirement number so you can stop guessing whether you’re on track. I talk about why retirement planning can feel more stressful for our generation, especially for business owners without workplace pension contributions, and the key differences between pensions for sole traders and limited company owners. Then I break down my five-step process for calculating your number.
00:00 Retirement Number Intro
00:35 Pensions Then vs Now
02:23 Self Employed Pension Options
04:38 Five Step Roadmap
05:17 Step One Life Vision
08:22 Step Two Cost It Up
12:43 Step Three Find Old Pots
13:22 Tracing Service Walkthrough
17:15 Consolidate With Pension Apps
20:53 Step Four Income Streams
23:15 Step Five Calculate The Gap
23:48 Example Using Calculators
28:01 Wrap Up And Next Steps
30:32 Final Thanks And Goodbye
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