Chartered Financial Planner based in the UK.
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UK PENSION - CAN I AFFORD TO RETIRE AT AGE 55? This video is an update to my first and in this one we revisit Mr and Mrs Pickles who now wish to retire at age 55 on the same basis as before... and is it possible!!

Also, we look at the impact of costs on a pension or investment by doing a side by side comparison.

When can I AFFORD to RETIRE? How much money do I need in my retirement? At what age can I retire? How much money do I need in my private pension? The level of income you want when you retire is key to understanding when you can afford to retire.

From this video I hope that it allows you to start thinking about the level of income and therefore the sum of money or sources of income you would need for your retirement. It's also important to consider not only your private or workplace pension but also the income you will likely get from the State Pension as well.

In this video I provide various examples of levels of income

Clearly the amount an individual will require in retirement will vary enormously from person to person based on their own circumstances and expectations.

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⏰TIMESTAMPS
0:00 - Introduction
0:56 - Question on running live sessions (please comment below).
1:35 - What this cashflow plan will be based on?
2:03 - Mr & Mrs Pickles current situation.
4:47 - Explanation of inflation in this example.
6:11 - Impact of retiring at age 55,
8:40 - Explanation of tax position
9:41 - What do they have to have to meet age 55 retirement
12:51 - Variable rate of return
13:32 - Monte Carlo Test
14:49 - Impact of costs on an investment

Previous video link (UK PENSION - When can I AFFORD to RETIRE? How much money do I need in my retirement in my PENSION?):

   • PENSION UK | When can I AFFORD to RET...  

⭐My channel is for information and education purposes only. Any information or guidance given does not act as financial advice. Please consult a financial adviser if you are unsure in anyway.

My aim is to provide education and guidance to help individuals understand pensions, investments and protection.

#retire55 #financialplanninguk #edmundbailey