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Top 10 Best Reason to Settle/Retire in Asia | All Infographics

Top 10 Best Reason to Settle/Retire in Asia | All Infographics | Planning Your Retirement | Scoop.it
Infographics on Living and retiring in Asia including Malaysia, Thailand, Philippines, Indonesia, Cambodia, Laos, Vietnam, China and India.

Via Christino Martin
HelpMeToSave's insight:

While living cost may be cheaper in Asia, it's a big step to retire to a foreign country.

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Planning Your Retirement
Tips to help you plan your retirement.
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Frugal Retirees: Go Ahead, Spend Your Money | Bankrate.com

Frugal Retirees: Go Ahead, Spend Your Money | Bankrate.com | Planning Your Retirement | Scoop.it
Frugal retirees who have plenty of money saved sometimes can't let go of it. These tips help you to rewire your thoughts so you can spend your money.
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Is there a danger of becoming too frugal and hardly spending on things you'd like to do?

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Grow old in Sweden, but avoid an Afghan retirement, data shows

Grow old in Sweden, but avoid an Afghan retirement, data shows | Planning Your Retirement | Scoop.it
Global AgeWatch index measures pensions and other provisions for older people – with some surprising results
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Sweden is the best country in which to retire.

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The Gap Between RPI & CPI widens to 0.6% | Help Me To Save

The Gap Between RPI & CPI widens to 0.6% | Help Me To Save | Planning Your Retirement | Scoop.it
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With many UK pension now annually uprated by CPI versus the generally higher RPI, retirees stand to lose out on thousands of pounds in retirement income.

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UK must prepare for the ‘Age of the Unretired’ - Investor Today

UK must prepare for the ‘Age of the Unretired’
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Is retirement all it's cracked out to be, especially if you don't have enough cash to do all things you'd like to do. Maybe working part-time from your 50s is a better approach.

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Majority of Britons adopt 'live for today' attitude to life | Retirement | News | Daily Express

Majority of Britons adopt 'live for today' attitude to life | Retirement | News | Daily Express | Planning Your Retirement | Scoop.it
THE majority of Britons have adopted a “live for today” approach to life and would rather save for a dream holiday then put money aside for their retirement, a shock new survey has revealed.
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It's very hard to balance enjoying today with planning for the future and saving for retirment.

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demystifyadvice: Planning for retirement is sooooooooooo easy…….

demystifyadvice: Planning for retirement is sooooooooooo easy……. | Planning Your Retirement | Scoop.it
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Why do financial advisors always use low rates for returns on savings accounts & high rates on stock market based pension funds? This article assumes annual return of 5% after charges on pension fund and Cash ISA return of 2%.

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OFT: Pension plans will leave millions hard up in retirement

OFT: Pension plans will leave millions hard up in retirement | Planning Your Retirement | Scoop.it
Pension schemes are poor value for money and risk leaving millions short of cash when they retire, the Office of Fair Trading warned today.
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A cap of personal pension charges if not going to be a panancea. There are already caps on stakeholder pensions.

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Pension? I don't have one of those. : The Money Principle

Pension? I don't have one of those. : The Money Principle | Planning Your Retirement | Scoop.it
What pension provision have you made? Here I discuss the two big problems with pension provisions I see and offer some points for consideration.
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If you're self employed it's harder to build up a decent pension. No access to a final salary scheme, no employer contributions and irregular income making it hard to commit to a set payment into a pension.

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Pensions – are they worth it? : The Money Principle

Pensions – are they worth it? : The Money Principle | Planning Your Retirement | Scoop.it
Pensions are for people who are waiting to die. If you want to live for ever, even if you know you can’t, build income.
HelpMeToSave's insight:

I agree that pensions are too inflexible and the returns promised are only projections. My pension pot hasn't delivered 5% annual growth, after the deduction of annual management charges.

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Pension savers need more value for money, says OFT

Pension savers need more value for money, says OFT | Planning Your Retirement | Scoop.it

Annual management charges really eat away at the value of your pension pot.

 

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But do pension funds withlow charges mean that managers don't strive for high returns?

 

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Retired women in their 70s are the happiest people in Britain

Retired women in their 70s are the happiest people in Britain | Planning Your Retirement | Scoop.it
Ladies of leisure with plenty of money and two children are the nation's most content, a new study has revealed.
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Well I have another 16 years to be at my happiest then.

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Will you have to work until your drop?

Will you have to work until your drop? | Planning Your Retirement | Scoop.it

I agree that it's going to get harder to retire between the demise of the final salary pension scheme, an increase in the state pension age and the uncertainty of the value of a stock market based personal pension,

 

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7 Things to Take into Account Before Retiring Abroad | Help Me To Save

7 Things to Take into Account Before Retiring Abroad | Help Me To Save | Planning Your Retirement | Scoop.it
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Some things to thiink about before you take the plunge to retire abroad.

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Retirement News - Prudential UK

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If you want a decent pension get a job in the public sector as defined benefit pensions are disappearing in the UK private sector.

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How Much Should You Invest per Month to Retire Early?

How Much Should You Invest per Month to Retire Early? | Planning Your Retirement | Scoop.it
The Motley Fool - Here’s how much we invested on average per month to retire by age 43.
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I reckon that you'd need to be earning high salary and/or taking a lot of investment risk to be able to retire at 43.

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After retiring, high earners may feel poor

After retiring, high earners may feel poor | Planning Your Retirement | Scoop.it
Study: Households with six-figure earnings before retirement saw income fall by an average of 50% after age 65.
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Well tha'st one problem I won't have.

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House will fund retirement for half of over 50s in the UK

House will fund retirement for half of over 50s in the UK | Planning Your Retirement | Scoop.it
New research shows there are 3.5m 'home is pension' owners in the UK who will will downsize or use equity release to pay for their old age
HelpMeToSave's insight:

I'm not sure that thinking of your home as a pension is a good strategy. It can be hard to liquidate the funds and may not release enough cash to fund retirment.

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Slashing of Benefits for State Pension Deferral | Help Me To Save

Slashing of Benefits for State Pension Deferral | Help Me To Save | Planning Your Retirement | Scoop.it
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Deferring your State Pension may soon become a lot less appealing as the incentives are being greatly reduced.

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My Cash ISA Pension Account Proposal: Simple, Transparent, Cheap, Fair & Flexible | Help Me To Save

My Cash ISA Pension Account Proposal: Simple, Transparent, Cheap, Fair & Flexible | Help Me To Save | Planning Your Retirement | Scoop.it
HelpMeToSave's insight:

A Cash ISA Pension Account (CIPA) would have many advantages including:

Access to 25% of value of the CIPA would draw in people who don’t want to tie up their cash until they are 55.

 

20% tax relief to boost the value of a CIPA; when you put £80 into the account it would become £100.

 

Tax free pension income available from the age of 55.

No loss of a massive portion of your personal pension pot to annual charges.

 

Easier to plan retirement when you know the size of your pension pot.

 

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Let's talk about pensions, baby: 'lump sum' vs. 'annuity' : The Money Principle

Let's talk about pensions, baby: 'lump sum' vs. 'annuity' : The Money Principle | Planning Your Retirement | Scoop.it
What are the pros and cons of 'lump sum' and annuity pensions and how to decide which one to take?
HelpMeToSave's insight:

I won't be taking the 25% tax free lump sum from my personal pension pot. I believer that we need income more than cash.

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There isn't a pension crisis, it's an entitlement issue

HelpMeToSave's insight:

What a load of rubbish, personal pensions aren't simple. The issue is that charges eat into the value of your pension pot and there is absolutely no guarantee of the pension you'll receive,  it depends on the value of your pension pot.

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Living la dolce vita at A Place in the Sun Live

Living la dolce vita at A Place in the Sun Live | Planning Your Retirement | Scoop.it

Is retiring abroad all it's cracked out to be? I'm not sure. I think for Brits more sunshine is a big draw. But 40 degrees in Summer doesn't sound llike much fun to me. Then there are currency fluctuation issues which can affect your pension  income.

 


Via Mariano Pallottini
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Forget leaving an inheritance, enjoy your retirement instead

Forget leaving an inheritance, enjoy your retirement instead | Planning Your Retirement | Scoop.it
Too many retirees are worrying about their legacy more than the type of retirement they want to have.
HelpMeToSave's insight:

It's lmost impossible to have a comfrotable retirment and leave a sizeable inheritance.

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Stick or twist risk: It could take 41 years to replace lost annuity income if you delay purchase for two years

Stick or twist risk: It could take 41 years to replace lost annuity income if you delay purchase for two years | Planning Your Retirement | Scoop.it
When to cash in retirement savings is a huge conundrum for thousands of people with defined contribution pension pots at a time of low annuity rates.
HelpMeToSave's insight:

Sound as though it makes more sense to buy an annuity now rather than wait a couple of years in the hope that annuity rates will increase.

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