Article preview: When should you start planning for the financial aspects of your retirement? New research from the Money and Pensions Service suggests that many of us are leaving this important planning until a very late stage. The research found that 37% of over 50s wait until two years before retirement, or fail to prepare at all, before making their later life financial plans. This year is particularly noteworthy when it comes to retirement planning because it sees the highest number of people in nearly two decades celebrating their 55th birthday; the minimum age at which you can access money in a pension, under current rules.
Leaving retirement planning until the last minute
This 920-word blog post considers new research from the Money and Pensions Service which suggests that many of us are leaving important retirement planning until a very late stage. Includes a series of tips from recently retired people and from MAPS about how to start planning retirement finances. Written on 15th September 2020.
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