Category: Retirement Income
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Retirement Confidence Is On The Rise
I read this little nugget, in an article in one of the technical papers namely Financial Reporter. Good news I thought, but the sting in the tail is that 10% of those polled don’t have any pension savings, just over a third have given no thought to how much they might need in retirement and…
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Income drawdown most popular way to access pension pot
More than half of people are likely to access retirement savings through income drawdown, according to the latest FTAdviser poll. The poll, which was carried out by FTAdviser in association with Scottish Widows, asked financial advisers how their clients were receiving an income in retirement. Income drawdown was the most popular, as 52 per cent of advisers…
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The Single Most Costly Retirement Mistake to Avoid (and Why)
Nearly everyone has a dream for their retirement. It often includes leaving work while you’re still healthy enough to be active and independent, planning to buy a boat, or holiday home, or simply spending as much leisure time as possible. And after decades of dedicating most of your waking hours to your work, enjoying the…
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Changes to the retirement income landscape
You will appreciate how much the retirement income landscape has changed in recent years by giving people and their advisers greater freedom. But with greater freedom comes greater responsibility. Investment strategies that work in the accumulation phase (climbing the mountain) may not make sense in the decumulation phase (descending the mountain). Drawdown gives people flexibility with…
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The Art of Managing Income in Retirement
Managing income in retirement has become a conundrum for our times, with advisers, clients and the pension industry all offering different ideas on the best way to solve the same problem. It isn’t unreasonable for retirees to want the best of all worlds; flexibility, access and control over their retirement savings along with the reassurance…