Ashley Shepherd is the founder and managing director at Over50choices. With over 30 years’ experience in financial services, he has held senior roles in building societies, banks and insurance companies.
Money saving expert Martin Lewis offers pension advice to all ages. We take a look at what he says about pension drawdown.
By simply entering your age, gender and the country you live in, the life expectancy calculator will work out in a flash how long on average you should expect to live and what percentage of your life will be healthy.
The simple answer to that question is yes you can ndash; and there are plenty of homeowners who bear witness to the fact.nbsp;Although a more recent report by retirement specialists Advantage found that fewer people in the UK are considering using their property for an income in retirement.
In the latest figures released by the Office for National Statistics (ONS) - a man now aged 65 may expect to live a further 18.5 years and a woman 20.9 years. 20 years of life in retirement may prove difficult for many people to fund.nbsp;
For all the myths and old wives tales, there is no elixir of life to keep you forever young. But bookshelves and the internet these days are awash with practical ways on how to stay healthy for longer and the older you get, staying healthy becomes ever more a priority.
It is an unfortunate fact of life that there are plenty of people out there who will be only too keen to remove your money from you by whatever means possible. That includes your pension lump sums or ldquo;pension potrdquo; as theyrsquo;re sometimes called.
Since the pension rules changed in April 2015 the way people access their pension pots unsurprisingly has changed, but what about your pension pot?
As people spend longer and longer enjoying the freedom of retirement, your pension assumes greater and greater importance.
These changes to the state pension follow the significant changes to private pension arrangements
So what are the key pension changes 2015? You can read more about them here in this easy to read article
There are so many things about getting old that I just donrsquo;t like. Read on to find out what!
Don't miss out...
Sign up to our monthly newsletter for the latest updates