research report produced by Cass Business School argues that most people are better off drawing down, rather than annuitising.In 2014 the UK Government announced proposals to allow people to withdraw money from their pension pot from age 55, subject to their marginal rate of income tax in that...
You could considerpension consolidation. This means combining some or all of your eligible pension pots into one. Combining your pension savings can provide a better way to plan your retirement finances. Having your pension savings in one pot is likely to make it easier to manage and can also ...
What is a pension and how do they work? Read our guide to find out the key information before you get started.
If you’re due a large severance payout from your employer, it may be tempting to use that cash to pay down a large chunk of your mortgage, put a lump sum into your pension, or pass on some money to family members. However, Beck cautions against making such moves until you’re settl...
Combine alifetime of savingwithinvesting mania, and any rare splurge on a fancy meal or even a modest holiday felt like scrumping apples from an orchard. I had growing resources at my back. But I had no desire to deploy them. Spending money just seemed to create hassle, anyway. A new ...
Okay, I’m not dead but I’ll soon wish I was. Let’s combine the income tax layer cake with a simple case study to illustrate our FI calculation. Enter an aspiring millennial FIRE-ee known asThe Agglomerator. This young upstart wants to hit FIRE as soon as possibl...