Top 10 Ways to Prepare for Retirement
Financial security in retirement doesn’t just happen. It takes planning and commitment and, yes, money.
Putting money away for retirement is a habit we can all live with. Remember…Saving Matters!
Products like She Retires (pension plan for women), Shepherd Trust (pension plan for the clergy), Smart Pension, Tier 2 and Tier 3 schemes offered by PenTrust are a good way to start!
2. Know your retirement needs. Retirement is expensive. Experts estimate that you will need 70 to 90 percent of your preretirement income to maintain your standard of living when you stop working. Take charge of your financial future. The key to a secure retirement is to plan ahead.
To be continued…
Sources – 1. US Department of Labour
2. PenTrust