What income will I get from a £100K PENSION POT? - Retirement income explained (is £100,000 enough?) скачать в хорошем качестве

What income will I get from a £100K PENSION POT? - Retirement income explained (is £100,000 enough?)

Damien explains how much income you can realistically expect to receive based on a £100k pension pot. To provide some context to the numbers, Damien also provides a summary of what is considered to be the minimum amount you would need to cover your basic retirement needs. There are other things to consider too, such as whether you will receive the new State Pension and how to check whether you are in line to receive it. Damien explains the options available to you at retirement, including how much income you are likely to get from a number of different types of annuities. Finally, Damien explains ways that you can boost your retirement income as well as well as the importance of seeking independent advice as you approach retirement. 00:00 - What retirement income will a £100K pension pot provide? 00:14 - Income needed for a basic, moderate and comfortable retirement 01:40 - Check your State Pension entitlement 02:23 - Get a state pension forecast 02:37 - Average pension pots based on age, gender and location 04:07 - What are your options when it comes to retirement? 05:30 - Drawdown explained - Is 4% realistic and how long will it last? 06:37 - How much income can you get from £100,000 annuity? 08:33 - How to boost your retirement income 10:02 - Boost your annuity rate at retirement with an enhanced annuity 11:42 - The importance of seeking independent advice Support the podcast: You can now support the MTTM podcast by visiting our dedicated podcast page (https://moneytothemasses.com/podcast) when making any financial decision. You may already compare products and services online and make purchases but by doing so via our dedicated page you might not only save money but could also earn cashback or take advantage of exclusive offers for MTTM listeners. Every time you use a link on the page we may earn a small amount of money for our podcast. We only use affiliate links that give you an identical (or better) deal than going direct. Thank you for being an incredible part of our community. Your support means the world to us. Support the show by visiting and bookmarking our dedicated podcast page: Money to the Masses Dedicated Podcast Page (https://moneytothemasses.com/podcast) - Click to support the show. Resources: Links referred to in the podcast: State pension forecast - https://www.gov.uk/check-state-pension Pension Calculator - https://www.moneyhelper.org.uk/en/pen... Best annuity for £100k pension pot - https://moneytothemasses.com/saving-f... Pension calculator from Moneyhelper - https://www.moneyhelper.org.uk/en/pen... 7 tips on how to boost your pension - https://moneytothemasses.com/saving-f... How to fill gaps in your National Insurance record - https://moneytothemasses.com/saving-f... Annuity calculator - https://www.moneyhelper.org.uk/en/pen... How to find a good financial advice that you can trust - https://moneytothemasses.com/saving-f... --------------------------------------------------------------------------- Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform. If you are looking to get your finances in shape then check out Damien's FREE Money MOT at https://mot.moneytothemasses.com/ --------------------------------------------------------------------------- Follow Money to the Masses on social media: Website - https://moneytothemasses.com/ Facebook -   / moneytothemasses   Instagram -   / moneytothemasses   Twitter -   / money2themasses   #pension #pensionplanning #retirementgoals