Money Box Live: How to Retire Well
Summary
Money Box Live explores how to achieve a good retirement, from understanding living standards and estimated costs to effective saving strategies for various ages. Experts discuss the impact of automatic enrolment, the benefits of starting early, and challenges of managing multiple pension pots. The episode features inspiring stories of early retirees and young, ambitious savers, alongside practical advice on annuities, drawdown, and seeking financial guidance.Episode description
We all dream about what we will do when we don't have to work anymore. The perfect retirement looks different for everyone, from travelling the world and luxury holidays to spending more time with family and friends, but the cost of stopping work can be bit of a wake-up call.
In this Money Box Live we'll look at how to make the most of the savings you have as retirement approaches to how to start planning for retirement at the start of your career.
Felicity Hannah is joined by Sangita Chawla, Managing Director at Standard Life and Zoe Alexander, Director of Policy and Advocacy at the Pensions and Lifetime Savings Association to answer your questions - and offer tips on how to plan for a good retirement.
Presenter: Felicity Hannah Producer: Catherine Lund Editor: Jess Quayle
(This programme was first broadcast at 3pm Wednesday 12th February, 2025.)