When you’re in your 50s, your financial situation inevitably changes.
You are approaching retirement age, your children have moved out, and you are hopefully getting closer to paying off your mortgage.
The way you manage your finances will also change, depending on your current situation.
Therefore, when you are in your 50s, you need to adjust how you save and invest.
This is the final window of opportunity before your retirement, and you need to find the best ways to maximise your pension pot.
According to a new Co-op Insurance study conducted among 2,000 UK adults aged 50 and over, many in this age group are aspiring to save £80,000 for their loved ones.