Tax rules regarding pensions were changed in April 2015. This has allowed people easier and wider access to their pensions, and allowed greater choice on how to withdraw retirement income. You no longer have to purchase an annuity if you do not wish, and you can still benefit from your pension from age 55 (at…
Your finances are a big deal, whether you think about them regularly or not. Not only do you need to ensure you have enough money to get by today, but you also need to make sure that you are doing everything you can to save for your future. The cost of everything is rising, and…
Your selection of stock investments should, of course, always be built around the economically competitive and financially viable fundamentals of the company you’re buying. Within that broader context, however, is the more specific topic of how Baby Boomers can invest their money to help ensure the growth of a retirement nest egg. People in that…
As a young adult I know, it just sucks to think about retirement. Especially in your 20s. If pension planning is the farthest thing from your mind right now, you’re not alone. A study showed that almost 80% of Gen Ys are not actively planning for retirement, earning them the nickname Generation Procrastination. That’s a bit harsh, don’t…
Are you looking forward to retiring from the world of work? A pension scheme provides a way to save money for your income later in life. Retirement no longer stands at a set age and working beyond retirement age is becoming more popular as you don’t have to pay National Insurance contributions and delaying drawing…
Until now, most financial experts have asked you to keep your feet firmly planted on the ground and expect your retirement investments grow every year at a steady rate. No daydreams, no picnic to things-will-not-go-wrong-somehow place. Those experts are very clear about getting your money in balance after retiring, even if the investments are on…
Financial regulations are always put in place with the intention of lending further transparency to decision making processes. However, the eventual results do not always mirror the initial vision. Although providing a new breed of qualified investment advice may help investors avoid financial pitfalls, many individuals are now distancing themselves from this prepaid and often…
Two years ago I took out a 401K loan to pay off my personal loan. Don’t gasp. Don’t shake your head. Don’t judge, or be judged, remember? Most financial bloggers recommend to never borrow from your 401K. They are right: the risks of taking out a 401K loan outweigh the benefits by far. However, I…
