Planning for your retirement

Whether retirement is many years away or just around the corner, unless you start planning for retirement now, there is a risk that you could outlive your savings.

The golden rule is to find out exactly how much you are going to need in retirement – and to start planning for it now.

The stark reality is that the majority of us need to save more. With people living to a greater age, retirement can now last longer than the time we spend working, so we all must accumulate more when we are earning to meet the extra costs of living longer. The decisions we make today will dictate the standard of living we will enjoy in retirement.

And beware the cost of delay. The earlier you make a start, the easier it could be to create the retirement lifestyle you want. You need to commit to a plan, and take action.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.