Trustnet Magazine 91 January 2023 | Page 63

Platforms & Pensions

The investment industry has worked hard at creating ever more sophisticated methods of getting you to put your money away , but pretty much leaves you to your own devices when it comes to taking it out again to fund your retirement

Unknown measures We start our serious retirement planning with a bunch of unknowns . How much money will be enough ? How will your pension pot grow until you retire ? How long do you need to budget for ? Then there is no guarantee you will get to choose your retirement date .
Most people pay scant attention to pension savings until their retirement starts to loom over the horizon . That ’ s why I ’ m going to look at how to make adjustments to your retirement plan and different ways to use your pension pot when you stop earning . Here are three questions anyone hoping to retire needs to ask .
Issue 91 - January 2023 / 63 /