Retirement ROULETTE: Millions of older workers gambling with their financial futures

Retirement ROULETTE: Millions of older workers gambling with their financial futures
 

The over-50s are pinning their hopes of a comfortable retirement on selling their properties, coming into an inheritance and even winning the lottery rather than putting money aside regularly.
And when they do have extra cash they spend it on new cars and home extensions rather than investing it.
Yet if a saver was to put away an extra £100 per month into their pension for the full five and half years they are at the top of their salary bracket, this would add £25,000 a pension pot at retirement, according to analysis in the latest Aviva Real Retirement Report.
The research also found 2.2m... read more

 
Tuesday, 19:38 in Business, Views: 40
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