I write articles about all aspects of retirement income, especially annuity and drawdown. I also regular appear in the national press and occassionaly on radio and TV.
Why do I need a retirement plan?
This is a question I have been asked after launching The Retirement Planning Project.
The cynics might say that retirement planning is fancy name given to something that is just plain common sense and is a clever ploy for advisers to charge fees.
The more enlightened will know that generally speaking, the more planning that goes into something the better the outcome or the experience.
Retirement Planning Project
I want to help as many people as possible make the right decisions at retirement and plan for a financially secure retirement with peace of mind and security. To do this I have set up the Retirement Planning Project.
The project will make it easier for people to learn about pensions and retirement planning and easier to get help or advice. I hope the project will help close the advice gap.
Brits do not trust financial advisers
The majority of Brits do not trust financial advisers according to a survey conducted by advice firm My Pension Expert.
This is nothing new as the poor perception of advisers has been widely reported in the past, and unfortunately the general public often cannot separate the trustworthy and passionate advisers from the firms that sell rather than advise.
In the Chinese animal zodiac 2020 is the year of the rat and what a ratty year it has been! Who at the beginning of the year would have predicted how devastating the coronavirus pandemic would be?
The ensuing health and financial crisis was a ‘Black Swan’ event on a global scale and the misery caused will have a long-lasting effect on all of our daily lives and our personal finances. But hopefully now the vaccine is being rolled out lives will start returning to the new normal, whatever that may be, in 2021.
When I look back on 2020, I think we at Better Retirement, like many other advisers, can hold our heads up high because we have served our clients well and helped them through the most difficult of times.
The Happiest Man on Earth
I listened to an inspiring radio interview with Eddie Jaku who has just written a book entitled “The Happiest Man on Earth”
Eddie has just celebrated his 100th birthday which is amazing considering he survived the horrors of Nazi concentration camps and was rescued by American soldiers.
While he was recuperating in hospital he vowed that if he survived he would be the happiest man on earth and he would be helpful and kind, everything his captors were not.
I think we all can all learn a lot from Eddie's approach to life especially as financial happiness should be the most important goal for everybody.
The Case for Annuities
The case for annuities can be made very simply; they are the only policy that pays a high level of guaranteed income for the rest of your life. In this sense an annuity is a pension, and in the rush to introduce pension freedoms it is easy to lose sight of why you probably saved for a pension in the first place.
Annuity rates may be low at the moment but they are the only way of guaranteeing a regular income for the rest of your life with peace of mind and security no matter how long you live.