Sean Jones, financial planner at James Hambro & Partners With inflation at 11.1%, being in cash means Mr Grahams’ pension is shrinking in real terms. It’s over 15 years old, so trying to time the market isn’t a good idea. In the long term, stock prices will recover. It will be difficult for Mr Grahams …
‘Can I send three children to private school and retire at 57?’ Read More »
Dear Kate, I am 72 years old, self-employed, premium rate taxpayer, and happy to continue working with no scheduled retirement date. I didn’t need the old state pension income when I became entitled to it at 65, so I elected to carry it forward under the pre-2016 scheme. I accrued an amount important under this …
“I deferred my state pension – but can my family inherit it? Read More »
Moreover, many workers have suffered for more than a decade of stagnant wages. A tightening labor market may now lead to increases, but wages still fail to keep up with inflation, meaning the average worker is taking a pay cut in real terms. Many older workers may be wondering if it’s worth continuing to struggle …
Dear Kate, I have seen the recent headlines about the impact of the bond market on pensions and am worried about the impact this will have on my retirement plans. I am approaching my expected retirement age (in a year) with a small defined benefit pension from a former employer and a larger defined contribution …
