/ Author: SPF

How much of a nest egg do you need at retirement depends on a number of factors and will be different for everyone. The biggest factor to think about is how much of your retirement income needs to come from that egg. Generous, guaranteed final-salary pensions are largely a thing of the past: instead most of us need to make sure we are saving enough money – and in the most suitable schemes – to provide for a comfortable old age.  If you have a pension, as well as Guernsey Social Security pension, your nest egg will be for supplemental income and big expenditures.

Here are some things to think about.

  1. Think about the long term
  2. Compare saving options
  3. Consider consolidating your savings in a Retirement Annuity Trust
  4. Consider how you can pay off your debts
  5. Review your investments regularly

Our independent advisers can provide a full financial health check for everyone, from high net worth individuals to young people at the beginning of their careers. Please contact us for a free no obligations consultation on 715234.

 

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