Getting Ready To Retire

Tony talks about how much we need to plan for our upcoming retirements. The state pension will fall short in providing a comfortable lifestyle into retirement so what action should we take to bolster our funds now.

KEY TAKEAWAYS

• Review your finances sooner rather than later to assure your future income.
• Track down your pensions to be sure you are claiming everything you are entitled to in retirement. Find out when you can draw from those pensions.
• How much is your pension worth? Your pension provider should give you a yearly assessment. 
• Get a state pension forecast. 
• Get investment advice. You may need to alter your plans close to retirement. Check your investment values.
• How will you access your pension? Will you take an income, cash in, or reinvest?

BEST MOMENTS

‘After a decade of working and saving you can finally see retirement on the horizon. If you plan to retire in the next five years or so, then consider taking these steps today to help ensure you have what you need to enjoy a comfortable retirement.'

‘If you're unsure where to start, the UK Government offers a pension tracking service to help you find lost pensions.'

‘Pension advice is important because pension products can be very complicated.'  

VALUABLE RESOURCES

Pension calculator - Pension Calculator | TT Wealth | Pension Specialist, Cardiff

Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth  

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ABOUT THE HOST

Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.  

“Live For Today, Invest For Tomorrow”

CONTACT

Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/

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