Review your Pension regularly.
Did any of your family ever have a Greenhouse for growing tomatoes and cucumbers? I know my Granddad did. He always kept an eye on their growth, looking for the first sign of a green shoots, watering them, nurturing them and making sure no weeds or slugs harmed their growth. If he planted those seeds and simply forgot about them for a few years he wouldn’t be surprised to see a mass of weeds or dead vegetation in its place.
But this is how most people treat their pensions!!
I know for a fact most individuals and small businesses do not bother to review their pension. Most barely look at their annual statements and simply file them in their drawer to be reviewed at some point in the future or was this simply a delay tactic, as deep in their hearts they already knew that their pension was rubbish – so what’s the point in looking at it in depth!
This lack of interest is due in part to not understanding this “pension thing”. This neglect will not affect your day-to-day standard of living while you work but as we have explained at length, have dire consequences regarding your income if and when you actually do retire. A lack of foresight now will only mean working longer, possibly until you die or retire on a reduced income that will barely be enough to exist on.
At least by taking the time to digest the content on this site/blog we can establish where you are now in relation to where you wish to be and when. A plan of action is beginning to form with our help, we look forward to being of help and together we can change your financial outlook.