The Holiday/Nightmare Of Your Life

How well prepared are you for the longest and biggest holiday of your life?

This is a question that we ask all our clients. After all it doesn’t matter how much you earn, it’s how much you save that will allow you to have the retirement lifestyle you both deserve and want. If you have enough money in the pension pot you can sit back and relax, if not then your retirement holiday will turn in to a financial nightmare!

Here in the UK less than 2% of the retirement population have enough to provide a comfortable pension with less than 1% retiring in recent years with more than £200,000 in their pension pots, equating to approximately £10,000 a year. It’s no wonder we’re seeing national headlines about the elderly living in poverty!

The shocking truth is that the UK average pension pot is only equal to £25,000! If you were to retire today with that amount, that would give you approximately £1500 per year in annuity. This works out at £28 per week! If the Government pension stops what will you live on?

Our retirement years should be a time to support our families and enjoy time with our grandchildren. No one wants to be a burden to their family financially. We need to make the right choices today to prevent us from being reliant on the charity of others and at least have a dignified retirement.

With annuity rates at historical lows and the recent change from RPI to CPI the future looks bleak unless you act now. With the average life expectancy growing we need to secure our future for the years ahead. What’s the point in living longer if you’re forced to spend that time worrying about finances, don’t you agree?

With the numerous bad decisions leading to the current economical crisis, do you want to leave your future in the hands of someone else? With a SIPP you are in control of your hard earned money! What choice will you make today?

Contact us at www.cfawealthmanagement.co.uk to learn more about SIPPs and book your free pension consultation now.