A guaranteed lifetime income sometimes referred to as an annuity by many, can be considered a great investment for retirement in terms of what it provides. It pays you a known income no matter what
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When you retire, the last thing you’ll want to do is worry where your monthly income will come from, will your pots last, or spend your time dealing with getting money from various pension providers.
Continue ReadingNon advised drawdown – how many start it each year and what do they need to make it work?
The latest Financial Conduct Authority (FCA) stats for the year between 1 April 2021 and 31 March 2022 tell us some interesting numbers. Around 700,000 new defined contribution (DC) pension pots, i.e. the ones you
Continue ReadingWhat does a practical Pensions Dashboard look like?
At some point in the future a Government pension dashboard will exist, where hopefully, you can provide your National Insurance number and get details of all your pensions. This will include pension pots, any Final
Continue ReadingGuaranteed and drawdown income – is a bit of both the best mix?
Some things are great on their own, gin,tonic,apple pie,custard, but are even better when you put them together. No, not pizza and pineapple...... There are lots of great things about guaranteed income on its own.
Continue ReadingHow long will I live – and have I got enough money?
“You and I are gonna live forever’ sang the rock band Oasis back in the 1990s. Unfortunately we won’t, but we do all need a financial plan that will protect us if we live longer
Continue ReadingRetirement income: what shape are you?
What is retirement income? Retirement income is the money that you’ll have to live on once you’ve retired. When we talk about retirement income, we mean the total income you have each year. That also means after
Continue Reading5 Great Tips for Those Getting Started with Pension Freedoms
1. Know what you need in retirement It's not easy knowing what you actually need in retirement. Traditionally, those saving for retirement are told they should aim for a percentage of their working income, but this
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