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Retirement Brings More Freedom, Plus Greater Responsibility
In this episode Tony talks about the difference between individuals' personal plans towards retirement and some of the extra challenges previous generations of savers never had to worry about.
KEY TAKEAWAYS
- Life expectancy is longer than ever before which means you need your money to last much longer.
- More companies are moving away from Defined Benefit Pensions which guarantee you a certain amount of money in your retirement. Defined Contribution Plans are much more subject to the ups and downs of the market.
- A mixture of various investments further individualises many peoples approach to retirement planning.
- Six tips to consider using if you have a Money purchase Pension or Defined Contribution Pension are ; use pay rises as an excuse to pay more. Pay in more when a regular spend ends. Maximise any possible employer contributions. Invest any lump sums you receive. Put off breaking into your pension pot. Be cautious about your investment choices.
BEST MOMENTS
‘One question I get asked every single day is how much money will I actually need when I eventually retire?’
‘Some people are unprepared for retirement due to high debt levels at the end of their working lives, or because they were not saving enough during their lifetime.’
‘Being aware of the options available to you can help you prepare for your future in an effective way.’
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony’s official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.
View all episodes
By Tony Thomas
5
2929 ratings
In this episode Tony talks about the difference between individuals' personal plans towards retirement and some of the extra challenges previous generations of savers never had to worry about.
KEY TAKEAWAYS
- Life expectancy is longer than ever before which means you need your money to last much longer.
- More companies are moving away from Defined Benefit Pensions which guarantee you a certain amount of money in your retirement. Defined Contribution Plans are much more subject to the ups and downs of the market.
- A mixture of various investments further individualises many peoples approach to retirement planning.
- Six tips to consider using if you have a Money purchase Pension or Defined Contribution Pension are ; use pay rises as an excuse to pay more. Pay in more when a regular spend ends. Maximise any possible employer contributions. Invest any lump sums you receive. Put off breaking into your pension pot. Be cautious about your investment choices.
BEST MOMENTS
‘One question I get asked every single day is how much money will I actually need when I eventually retire?’
‘Some people are unprepared for retirement due to high debt levels at the end of their working lives, or because they were not saving enough during their lifetime.’
‘Being aware of the options available to you can help you prepare for your future in an effective way.’
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony’s official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.