Looking forward to retirement, and the next stage of life can be an exciting new time. Making sure you’re on track for the financial future you want takes careful planning and saving. Currently, once you reach 55, you can choose what you want to do with your pension pot, and you don’t need to stop work to access it. Considering certain questions could help you to give you peace of mind about your retirement life-style. Questions such as how much income will I need for my retirement? What size of contributions should I make each month? Are there other ways to save for my retirement? Can I supplement my work pension with private savings? Once you know the target for your pensions you could seek professional financial advice to help you reach your financial goals.
