How to Retire a Millionaire: The Essential Guide
Retiring a millionaire is not as hard as you think So how do you get to retire a millionaire? Don’t waste $700k! Compound interest is your best friend when it comes to savings and investment. This is especially true when planning for your retirement. If you invest $100 a month at 25 until you retire […]
How much Pension Pot do you need to Retire?
The question of how much pension you need to live in retirement is not a fixed sum for everyone to aim for. It is dependent upon a number of factors such as: What kind of lifestyle you want in retirement When you want to retire Your future plans Cost of living Current state of your […]
Carillion Collapse Highlights the Importance of Taking Control of your Pension
With the unfolding drama of the Carillion collapse which includes ignored profits warning, excessive shareholder payouts and CEO bonus payments, a new player has entered the stage. It was revealed in a recent High Court hearing that Carillion has an estimated 2.6bn pension’s black hole. Five times higher than the former CEO of Carillion led […]
Living to a 100 is Cool but how are you going to pay for it? New Retirement Issues Facing South Africans
Wind the clock back a few years and a person living to a 100 would be on the news. The person would probably be interviewed and they would talk about their earliest memories. Now living to a 100 and beyond rarely makes the news as it has become increasingly commonplace. This sounds great on the […]
British Steel, Mr Kipling, and BHS – Three Good Reasons to Take Control of your Pension
Pension Shortfalls Will Probably Result in Loss of Pension Fund With the sales and inevitable sales of British Steel, Mr Kipling, and BHS the inevitability of loss of pension fund exists. These companies have operated pension schemes for decades and all three, like many other British companies are operating a pension deficit. As the sales […]
New UK State Pension Rules to Create Winners and Losers
The new state pension rules launched last week, and it is already clear that the new scheme will create winners and losers. Like most state schemes at first glance everything looks better, but on further examination it is clear that you could easily be worse off come retirement day. This blog takes a closer look […]
Which? Survey Confirms Confusion over New State Pension
This month sees the new state pension come into place, heralding a genuine revolution in pensions and how they are calculated. The new pension rules have met with nothing but confusion, however, and this has been confirmed by a new survey conducted by expert consumer watchdog, Which? This is a summary of their findings. The […]
Retire Abroad and Make £200,000 Last Thirty Years
Eight Countries to Retire to Where your Money goes Further There are a lot of benefits to retiring abroad where the cost of living is lower than your home country. Providing you have good insurance products, and that you have a good understanding of what you are covered for, your £200,000 could see you have […]
Pension Tips for Women
A lot has happened over the last few years to UK Pensions, and some of the changes have been specifically targeted at women. They have been met with scepticism and hostility on the whole. On average most women require £709 per month just to survive in retirement which means that the state pension alone is […]
WASPI Take Objection to Planned State Pension Change for Women
Women Against State Pension Inequality (WASPI) has taken objection to proposed state pension changes for women. The thrust of their argument is that the changes are happening too fast, and which is unfair on women born after 1951. A WASPI spokesperson said that government “must make fair transitional arrangements for all women born on or […]