A survey12 has found that 51% of people would tell themselves to start saving as soon as they can. Meanwhile, 41% would say to take more care of their health, and a third would advise worrying less about what other people think.
How old do you feel?
The same report also asked UK adults when they are likely to start feeling old, with most respondents saying their 50s and 60s. However, with people living longer, you could only be halfway through your life at the age of fifty. That’s why it’s important to have a financial plan in place that will allow you to enjoy a long and happy retirement.
No regrets
Regardless of how old you are, it’s never too late to heed the advice and start saving, while having an emergency fund should be an objective, putting money into your pension should be a key priority too. Even a small increase in contributions can have a significant impact on the opportunities you create for yourself in later life.
12Aegon, 2024
How we can help
Everyone’s goals for retirement are different. We can help you to review your financial plan and get it firmly on track, including understanding how much you need to save depending on your specific needs. To start the conversation call us now to arrange a no obligation meeting – tel 0808 1234 321
Logic Wealth Planning provides independent financial advice in Manchester, Bury, Rochdale, Cheshire, and the surrounding area, but not limited to the region.