Phoenix Group’s Post

As a financial adviser, I see first-hand how early pension withdrawals can impact long-term financial health. It's crucial to weigh immediate needs against future stability. Let's work together to understand the full implications and create a strategy that ensures a comfortable retirement.

Planning for retirement is a crucial step towards ensuring financial stability in your later years. The UK offers a variety of pension options tailored to different needs and circumstances.  Understanding these options can help you make informed decisions that align with your retirement goals. Here’s a comprehensive guide to the different pension schemes available in the UK. https://lnkd.in/eSH9Nu6W #Retirement #RetirementPlanning #Pensions

𝟳𝟴% 𝗼𝗳 𝗿𝗲𝘁𝗶𝗿𝗲𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝗺𝗶𝘀𝘀𝗶𝗻𝗴 𝗼𝘂𝘁 𝗼𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗯𝘆 𝗮𝗰𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗲𝗮𝗿𝗹𝘆 More than three-quarters of people over the age of 55 have withdrawn some money from their pension before they retire. While it could afford you more flexibility now, it might also mean you miss out on long-term investment returns. Find out how accessing your pension early could affect your retirement. 👇 Click the LINK IN THE COMMENTS to find out more 👇 If you’re thinking about accessing your pension before your planned retirement date, we could help you assess the long-term implications. Contact us to arrange a meeting.  _____ TPD Wealth Management Ltd. | Chartered Financial Planners based in Stockport #TPDWealth #retirement #retirementplanning #pensions

Have you taken the time to think about what you’ll need or what in terms of an income when it comes to retirement? And don’t underestimate how much retirement costs, or at least the type of retirement you will aspire to as these figures from a recent Which survey show… The average annual pension income that a single person receives is: £13,884 The average annual spending for a retired single person was found to be: £31,300 (for a ‘moderate’ retirement) or £43,100 (for a ‘comfortable’ retirement) Both instances, the average income is less than! Ensure you know where your pensions are and make your aspirations a reality #AWinsights #pensions #retirement

Many DC savers on cusp of retirement oblivious as to how to access their pension. Nearly half of defined contribution (DC) savers on the verge of retirement are unaware as to how they will access their pension savings, according to research by TPT Retirement Solutions. Check out Martin Richmond's latest article 👇 https://incm.pub/3VfdNUS #pensions #pensionscheme #employeepension #finance #retirement

Take control of your retirement today. Our retirement planning service can help to make your retirement goals become a reality, by creating a clear financial plan which gives you clarity on what you need in order to retire, without compromising on the life you want to live right now. Capital at risk. Any tax benefits depend on your personal tax position and rules are subject to change. https://lnkd.in/evYjg37t #Retirement #RetirementPlanning #Investing #Pensions

Have you lost track of an old pension pot? If so, it could impact your ideal retirement. Luckily, there are ways to recover your pension savings. Read our short guide to find out more. #pensions #lostpensions #retirement #retirementplanning

Following the publication of our white paper on enhancing future retirement adequacy, we are pleased to introduce the second article in our series. In this article, we explore how contribution design and awareness are pivotal to achieving better retirement outcomes and equality of savings. https://ow.ly/uCRi50SwNqB We explore: 🔹 The impact of increasing default contribution rates from 8% to 12%, providing a clearer path to achieving a moderate retirement living standard. 🔹 The potential benefits of defaulting employees at higher contribution levels, which could significantly boost their pension savings over time. 🔹 Strategies to engage and educate employees, helping them understand the importance of higher contributions and the long-term benefits they hold. #pensions #pension #retirement #DefinedContribution Max Whitefoot | Anne Jones | Rudi Smith

What do we need to do to ensure everyone has a decent income in retirement? Tish Hanifan will be speaking at the International Longevity Centre - UK Retirement Income Summit later this week. Key policymakers and experts will discuss the challenges and the critical importance of retirement planning for a secure financial future. Insightful debate alongside chair Sarah O'Grady, Tom Evans from Canada Life UK and Jim Boyd of the Equity Release Council. All taking place at the M&G plc offices in London on Thursday 13th June: https://lnkd.in/dnYVgFbR #Retirement #Pensions #PersonalFinance #RetirementIncome #RetirementPlanning #LaterLifePlanning #LaterLifeAdvice #BetterConversations #theSOLLAdifference

Volatile markets might be putting a dent in your pension savings, but there are ways to protect the value of your pot. Learn three key strategies to look after your income in retirement - link below 👇 #retirement #pensions #financialplanning