When would you like to retire?

When would you like to retire?

Nutmeg suggests “as a rough guide to see if your savings are enough to retire on, you can use the multiply by 25 rule. Work out how much you want to live on each year in retirement, minus your state pension benefits, and then multiply this by 25. This gives you a rule of thumb. If your savings match up, you may be financially ready to retire.  Read the full article at https://www.nutmeg.com/nutmegonomics/whats-the-ideal-age-to-retire/

It is never too early to start thinking about packing up and taking off to live the dream. All it takes is a plan. Putting it off until tomorrow will simply delay the inevitable. Pensions are still one of the best ways to plan for your financial security after retirement, but these plans are also one of the most complex and confusing ways to secure your financial future. It is best to hire pension experts, such as our financial advisers at Cotswold, to simplify all the technical details so that you can sit back and enjoy your retirement.  Read more.


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