What are your plans if you have insufficient Pension and are in your 50's?
Audrey Paterson
Helping you retire well by building a plan tailored to your goals—whether that’s cutting back hours, adding income streams, or retiring early. Let’s simplify retirement planning and create a future you’re excited about.
Planning ahead for retirement will help ensure you’re on track to achieve the fnancial future you want. However, millions of retirees may face the prospect of living in poverty during their twilight years and having to rely only on the State Pension as a result of failing to plan ahead for their retirement, according to new research[1].
Check what state pension you will be due this is the Government website.
Don't bury your head, that's the last thing you should do, planning is key, as the saying goes Fail to plan is planning to fail.
"People are living longer. This is good news, but more than a third (35%) of women and a ffth (20%) of men over the age of 50 do not have a private pension. Worryingly, 33% of over-50s don’t think they have enough money to provide them with a suffcient income for their retirement – with women more worried about not having enough money in later life than men."
Read my article and if it is the right time for you to make a plan, join my Facebook group where I will be helping others plan their retirement and to take control of their financial future.