‘PENSIONERS will need an average £130,000 to fund their retirement, as state benefits plummet as a proportion of income.
People retiring this year will need a total lifetime income of at least £130,000 as life expectancy increases, according to research by Prudential.’
Read more at £130,000 - the cost of life as a pensioner
‘EIGHT out of ten people contributing to a pension think their savings will be worth less than they hoped when they retire, key research has shown.
They are bracing themselves for a pension shortfall averaging 30 per cent, the equivalent of £159 billion across the nation as a whole, according to stockbroker Brewin Dolphin.
Just over half […]
‘ALMOST nine out of ten final salary pension schemes face a funding shortfall, a report revealed today.
Some 89 per cent of the pensions are in deficit, collectively facing an estimated £130 billion black hole, according to the Association of Consulting Actuaries.
But the problem appears to be easing slightly, with the survey finding the funds were […]
‘MORE than two-thirds of Britons expect to be worse off in retirement and will be unable to fund their dream lifestyle, research claimed today.
A survey found 68 per cent of people said they would face harder times after retiring - with many bringing in £10,000 a year less than they think they will need. Despite […]
TownOnline has a good article answering a question about helping seniors with their finances.
‘People of all ages are forced to deal with endless paperwork these days. It’s easy to confuse important documents with junk mail.
Some elders, overwhelmed with the volume of correspondence, simply stop reading all of their mail. Clearly, […]
‘People expecting to retire in 10 years are frequently behind the eight ball.
Few, say surveys and pundits, have saved enough money to kick back in 2015 and enjoy a life of leisure. But you don’t have to be a procrastinator, sprinting to retirement and hoping against hope to have enough money for cruises and grandchildren.
To […]
‘An Englishman’s home is his castle. Now, seemingly, it’s becoming his cash cow for old age too. Indeed, nearly three quarters of homeowners are relying on home equity to fund old age, although half of them will still have a mortgage as OAPs. So says Abbey in a new report.
House prices, for example, have risen […]
‘If retirement fears were color-coded, they would be somewhere between orange and red right now.
In honor of “National Retirement Planning Week” the investment industry has churned out a zillion studies, each saying that Americans are woefully unprepared or uninformed about how much money they will really need.
They’ve also launched a highly visible public relations campaign […]