Property News · April 22, 2017

Put just £40 a week aside to enjoy a happy retirement


A Which? report this week looking at what retired people spend should give hope to the early middle-aged who have saved nothing yetThe press is chock-full of stories about our impending financial doom in retirement. I should know – I’ve written a fair few of them. Demographic timebomb … Equitable Life … mis-sellling … payouts slashed … work ’til you drop. You know the picture. But are we guilty of our own bit of mis-selling? Two reports out this week paint a picture of our retirement prospects that suggest that, with a nudge and push, most people should be able to enjoy a comfortable retirement.Let’s say you are 40 years old and neither you, nor your partner, have saved a penny for your later years. Disaster looms, you think, because of the impossibly high sums you have to put aside when you are already struggling with the mortgage, rent, children, car loan and so on. But the truth is, a 40-year-old need put just £40 a week aside – or as little as £8 a working day. Or little more than three coffees from Pret. Continue reading…

Source : theguardian.com
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