Elderly investors have to balance the need to make withdrawals yet keep a pot as intact as possible – whether to avoid running out of money or bequeath a pension to loved ones.
How do you invest in retirement?
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Elderly investors have to balance the need to make withdrawals yet keep a pot as intact as possible – whether to avoid running out of money or bequeath a pension to loved ones.
Pension freedoms mean retirees can now invest their savings how they like rather than buy a stingy annuity. But what do you need to consider and plan ahead for when funding retirement this way?
Pension freedom reforms will give people more decision-making power over their retirement savings. But as ever, the more you have, the more freedom you will enjoy.
If you signed up to a work pension scheme but took no further action, your savings are most likely in a ‘default’ investment fund. How do you check if it’s any good?