How To Boost Your Income In Retirement

How To Boost Your Income In Retirement
Underwater by Julian Cohen. Why?

Ensuring you have enough income in your retirement to meet your needs takes proper planning, whether you’re currently building your pension fund, or whether you’re drawing benefits.

How To Create A Sustainable Income Stream To Fund Your Later Life

Investing For Income In Retirement

In a comprehensive report written by FTAdviser in association with Schroders, entitled ‘Investing For Income In Retirement’, you’ll learn how you can boost your income in retirement, and which strategies might be best for you. 

The report explains how your retirement income strategy can differ, depending on the size on your pension pot.

It includes a video, contributions from major firms like Royal London, AJ Bell, Prudential and Legal & General.  And observations from Asset Management groups and independent financial advisers.

Here’s the Income In Retirement report.

Further Reading On Income In Retirement

Here’s a selection of articles that are well worth a read.

Start Investing At 50, Get A £1m Pension Pot At 67

Not long ago, people in their 50s would be deemed to have left it too late to begin saving for retirement.  Only a lifetime of pension contributions, allied with some investment growth, could produce a large enough pot to produce a viable income in later life, the conventional wisdom went.  Income In Retirement

How To Invest For A 40-Year Retirement

Chances are you’ve been basing your retirement planning - the amount you’re saving, where you plan to live, the lifestyle you intend to fund - on an estimate of how long you will live.  The good news: You probably underestimated.  The bad news?  Same.  Income In Retirement

Pension Providers To Warn Over Drawdown

If you access your pension via a drawdown scheme, your provider may soon recommend an ‘upper limit’ on the income you take.  The new measures are intended to protect pensioners against using up their savings too fast, as many are still in the dark as to the underlying risks of drawdown schemes.  Income In Retirement

‘Pretirement’ The New Norm As Half Of Pensioners Plan To Work Past Retirement Age

According to Prudential, 2018 is the sixth consecutive year in which half of planned retirees will consider working past their State Pension Age.  43 per cent say they enjoy working.  Eight per cent of those hoping to retire in 2018 cannot afford to quit and 47 per cent blame the cost of living.  Income In Retirement

Please Share This

If you’ve found this page of interest, please would you kindly send a link to it to your friends and colleagues using the buttons below.  You’ll be helping us out, and they might like it too.  Thanks, it's much appreciated.

 

AJ Bell Is Often The Best Value SIPP For Stockmarket Assets

That's our opinion.  Not just because AJ Bell was the first company to offer an online SIPP.  Nor that it's received many prestigious awards.  And not even because the wife of SIPPclub's Founder has an AJ Bell SIPP.  It's because it's one of the most competitive stockmarket SIPPs on the market. 

Over time, charges can wipe out a huge part of your fund.  We like AJ Bell because there are no set-up costs.  If you hold passive funds, which is our preference, or shares, investment trusts, EFTs, gilts or bonds, you pay one small fixed fee no matter how large your fund.  And when you come to draw your benefits either as occasional drawdown or UFPLS payments, there's a small charge for the whole year no matter how many times you access your money (many SIPP and SSAS providers charge more than this for each payment).  However, you should always compare charges in detail, because AJ Bell could be more expensive than other providers, depending on the type of stockmarket assets you hold.

Visit AJ Bell

Get Valuable SIPP And SSAS Insights Emailed Directly To Your Inbox Every Monday

  • Please use an email address you can access. You can unsubscribe at any time.
IMPORTANT NOTE: NOTHING FEATURED ON SIPPclub IS EITHER AN IMPLIED OR A SPECIFIC RECOMMENDATION TO MAKE, OR TO REFRAIN FROM MAKING A FINANCIAL DECISION.  THIS PAGE HAS NOT BEEN APPROVED AS A FINANCIAL PROMOTION.

As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from Unbiased.co.uk.  Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.

Please read our full Terms which includes criteria for SIPPclub membership.