How to retire at 55: 8 tips
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The guide you will receive, like our service, is not personal advice. Tax rules are subject to change and depend on individual circumstances. The value of your investments could go down as well as up.
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8 tips for an earlier, wealthier retirement
On the 6am train to work with a stranger’s umbrella dripping on your newspaper, do you ever think ‘I can’t wait to stop working?’ Do you daydream about long holidays, lie-ins and long forgotten hobbies?
Transforming that dream into a reality doesn’t come cheap, how could you afford it? Once you have paid off debts, like it or not, the answer is likely to depend on your pension.
Our straightforward guide provides eight tips that could help you to retire earlier than you thought, including:
- What’s your ‘magic number’? The simple formula for how much you should consider investing each month
- How to make the most of existing pensions, without investing a penny extra
- The impact of your investment choice - and how to pick funds that could offer the best potential
- Understanding the options available at retirement (including the new rules)
Plus - free resources to help; including our pension calculator - so you can see if you're on track.
This guide is not personal advice. Please remember tax rules can change and the value of the tax benefits will depend on your circumstances. The value of investments can fall as well as rise so you could get back less than you invest.