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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Retirement Planning For A Couple
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
Read moreConsumption Smoothing Your Way To Retirement
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
Read moreThe Uncertainty Principle of Retirement
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
Read moreThe Psychology of Retirement Planning
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
Read moreDrawdown: What’s A Safe Rate?
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
Read moreOn-Track For Retirement? Make Sure You’re Asking The Right Question
Are you on-track for retirement? Most retirement planning websites ask this question, or something very close. There are numerous retirement calculators that claim to be able to answer it. If you’ve tried a few, you’ll no doubt realise that the
Read moreThe Coronavirus Retirement Challenge
The coronavirus outbreak has created a time of uncertainty and worry for us all. First and foremost in all our minds will be our health. But many of us will equally be concerned about our personal finances. Will we lose
Read moreAnnuities: Myths And Reality
It used to be that almost everyone with a private pension fund bought annuities when they retired. But Pension Freedoms have changed that. Now nobody is forced into buying an annuity with their pension savings. Instead, drawdown has become far
Read moreRetirement Planning Decade By Decade
For many of us, retirement planning seems too far off to start worrying about. Or maybe it seems so imminent that we panic. Leaving retirement planning till just before we retire is asking for trouble. Every decade of our adult
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