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Planning for your retirement

In Brief: Planning for your retirement

Thursday, 21 September 2017

How do you feel about retirement planning? Do you feel it’s too complicated to think about or you don’t know where to start? Panning for retirement is an important step for your financial future. Considering some of the following steps could help you in your planning. First, set yourself a target of the amount income you will need in retirement. Secondly find out what you already have saved, this could help you to plan further. Thirdly take action to answer any questions brought up in your first two steps; such as, when should I retire and how much do I need to save each month for my target? Seeking professional financial advice could help you to plan for your retirement.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.