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We make financial decisions every day. When we order a drink in a pub, we make a decision on our discretionary spending. When we make a payment on a credit card, we make a decision on debt management. Or when
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That might seem obvious, but it opens up a whole raft of issues. Until well into my career, I didn’t think much about what a pension was. I just assumed that I should simply follow the government’s and my employer’s
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Few of us will mourn the passing of 2020. The impact on health and wealth has been profound for so many. It’s tempting to sit tight and see how events pan out before making plans. But here’s a brief financial
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Optimisation isn’t usually the first word that comes to mind when thinking about retirement. Some people have grand dreams, others hope to avoid poverty; many avoid thinking about it. Here at EvolveMyRetirement® we’ve recognised that optimisation is an important component
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What does being ‘on track’ for retirement actually mean? Well, we’re all getting older. So we’re inexorably getting nearer to when we retire, whether we like it or not. In that sense we’re all on track (if not already retired).
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If you’re part of a couple, whether married, in a civil partnership or just committed, retirement planning means considering both partners. That’s easier said than done. Simple retirement calculators are usually based on just one individual; and they’re usually too
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Consumption smoothing is what EvolveMyRetirement® is all about. But just what is it? Here’s the definition from Investopedia: “Consumption smoothing is the practice of optimizing our standard of living by ensuring a proper balance between spending and saving during the
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Physics may not be your thing, but you’ve probably heard of the uncertainty principle; even if you’re a bit uncertain (sorry) about exactly what it is. Well, in a nutshell (according to Encyclopaedia Britannica), it states that you can’t measure
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It’s easy to imagine that investment success necessarily follows from having a good understanding of investments. Knowledge helps a lot of course. But it’s easy to forget the role of psychology. If we’re investing a small amount, we might not
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Many people associate the word “drawdown” with withdrawals from a pension fund after retirement. But a pension fund is really just a tax shelter for investments. The principles of drawdown can be applied to all your investments, wherever held. Before
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