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People need to plan their
cash-flow to the age of
100 and then review their
strategy as they progress
through retirement
They may have multiple mini
“retirements”, but ultimately end up
working for far longer.
The problem is everyone else. Kay
Ingram, head of public policy at
financial adviser LEBC, says people
need to plan their cash-flow to the
age of 100 and then review their
strategy as they progress through
retirement. However, this process
needs to start by their mid-40s to
have any realistic hope of success.
Above all, they may have to
accept they will work for longer.
It is not realistic to expect a 40-
year working life to support a 40-
year retirement. Tom Selby, senior
analyst at AJ Bell, says people need
to carefully consider the point at
which they turn their retirement
pot into a stream of income: “While
for many the idea of working into
their 70s and possibly even beyond
won’t be appealing, it could become
a necessity to maintain a decent
quality of life.”
FE TRUSTNET