44% of Pension Savers will be Angry!

According to a report by Scottish Widows, 44% of us will be angry if we have to work beyond age 65. And most of us are not saving enough – so that makes for a lot of angry people.

Read the full report here. It is a good read, which points out that only 51% of us are saving enough for retirement at age 65.

Now for the scary bit. Scottish Widows define enough as 30% of your salary or earnings, given that it is topped up with the state basic pension. Do your own figures and ask yourself if this will be enough?

Even more scary, the figures assume you save each and every year between age 30 and 65 for men and 30 to 60 for women. The chances of this happening these days are pretty thin.

I suggest – but I would! – DON’T GET ANGRY, GET GOING.

How not to get angry?

I am going to state the obvious. Sit down with someone like us, drink lots of tea, talk a lot and agree a long term plan that you understand, that will give you something meaningful for your personal circumstances. Yes a fee of some kind will have to be paid but this need not come out of your pocket. It could come from your pension pot and can be agreed in advance.

Don’t get angry, do something! Seriously consider talking with a professional adviser who can not only provide guidance and advice but will also provide the impetus to get things moving. You can call us for an introductory chat on 02380 457889

Again I remind you that these comments are designed to spark discussion – a bit like the daily papers – and do not constitute advice in any form. You can find us at www.buildyourwealth.co.uk

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