Basic Retirement Investing is intended to be the retirement wisdom that you will not get from your "Financial Advisor"
Many elements contribute to a happy retirement. Retirement should be a time to become the person you would like to be and do want you've always wanted to do.
But you neeed to manage your time in retirement.
You won't find joy or satisfaction by sleeping, loafing around, or watching TV. Do this in your retirement and you will end up depressed and frustrated.
Many people experience a rapid decline in physical and mental health soon after retirement - mostly due to idleness and feeling "sorry" for themselves.
To be happy in retirement you need to be active - assuming that is still possible.
You also need goals and dreams.
It's up to you what you decide how your retirement should be. There is nobody else going to do it for you. There is only YOU that has your best interests at heart.
The greedy and so-called "impartial" financial advisors don't care. Almost without exception, they only care about their big, fat commissions.
Do you realise that 1 in 8 of all people in the UK are aged over 65. And what's more, today's retirees have better health, are better educated, and live longer than their predecessors.
If you plan well, you could retire before you are 65 and have the time of your life. It could be, and should be, the beginning of a new life for you and your significant other.
Just imagine, being able to do what you want, when you want, with who you want. Only do what you like to do and non of the what you don't like to do.
There's only one word for all of this - freedom.
For some, more likely those that haven't planned well, retirement is a disappointment.
For others, those that have planned well, it's an opportunity.
All it takes is a little basic retirement investing knowledge.
You only need to do some basic retirement investing in order to have just that little bit more when you will need it most.
If you fail to plan - it's a plan for failure.
Many years ago, a very wise old man once tried to put an old head onto my young shoulders. I "heard" every word that he said. And I nodded positively at what he was trying to say.
The problem was, I was young then. All I wanted to do was hang aroud with my mates, or girl friend at the time, and generally have a good time.
The thing was way back then, probably just as it is for young 'uns of today, there was never any spare cash to put away for what everybody used to call "a rainy day."
Sure I tried, there wasn't great retirement products back then when we were young, even so, starting a savig scheme was one thing, keeping up to it was another. When it came to juggling the oney around every month, "the good life" seemed more important than later life.
We are of the opinion, that with the products available today, there is no excuse. Except of course, the old chestnut - "I don't have any spare cash".
On this website, we like to repeat ourselves, because the message does not seem to be getting through. Every month we read in the national newspapers that people are not providing for their latter days.
We believe that there is not a working person in the country that could not contribute £80 a month to a DIY pension.
Do that, and the U.K. Government throws in a "bonus" of £20 (tax benefit) making the full contribution to your DIY Pension £100 per month. And the Government give you this tax benefit pro rata on your contribution (up to a limit of course).
Back to the question posed in the headline to this section - "Did You Plan For Your Retirement?"
We will always say, it's never too late. Even if you are in your 60s. You could still get between 5 and 15 years of saving, which will make a difference.
You do not want to be dependent on a State Pension. You will not survive.
If you could manage just £100, or better still £200 per month - it would make all the difference to you when you will need it.
We know, every penny counts when you are struggling to make ends meet, but everybody could save. It just takes that little bit of discipline.
Say you are now 50 and plan on retiring at 70 (you'd love to make that 65 but because you haven't planned you feel you might have to work on a bit - asuming you are fit enough).
If you were to save that £100 per month from age 50 and your investments were to grown at 10% annually (well below average) you would finish up with a fund of £56,661 at age 65 and at age 70 £73,731
Now, would that make a difference?
Raise that to £200 and the figures would be £79,816 (at age 65) and £107,667 (at age 70).
Just proving that it's never too late.
On this website, we make absolutely no apologies for repeating ourselves. We are not finanical advisors. We are not tipsters. You have to be authorised for those kind of things.
All we are trying to do is make people aware of what is possible. You don't have to retire penniless. There are simple steps you can take. Everybody could (and should) do it.
We can't imagine anything more painful than to retire on a pittance. It does not have to be that way.
Your retirement should be the best days of your life. Sure, you need your health. But some wealth would be nice too, wouldn't it?
Noot all good things cost money. You could enjoy retirement with modest amounts. We love vactions in far-off places but we would be equally happy to vacation in the UK, which we do as well. Suppose it all depends on what you want to do.
We love the outdoors, and as big as our Bucket List is - we doubt that we shall ever get around to seeing everything.
Look around this website and you will discover that basic retirement investing is not that much of a hardship - but the rewards are way in excess of the small sacrifices.