New issue of How to Retire in Style hits the newsstands
From the team that brings you Moneywise each month, How to Retire in Style will help you get the retirement you want – whether you are ready to retire and working out how you will turn your pension into an income, or younger and looking for ways to boost your savings.
One year on from the introduction of the pension freedoms, over-55s are not rushing to cash in their savings, however there is still a lot of confusion as to what they should do with their money.
Rachel Lacey, editor of How to Retire in Style, says: “New retirees have some tough choices ahead of them – working out how to make sure your savings last for life is no mean feat.
“Your decisions will depend on your age, state of health and your lifestyle, your attitude to risk, not to mention the size of your pot. This magazine outlines the facts in black and white to help you build a plan to suit you.”
What to expect from the latest edition
This fourth issue examines the pros and cons of all the options open to you in retirement and highlights the 10 most common pension mistakes so you don’t slip up.
For those that have some time to go before they retire, we show you the best the ways to boost your pension whether you are in your 40s, 50s or 60s.
We’ve also got lots of tips and suggestions for managing your investments in retirement with funds tips from the experts.
You can get the lowdown on the new state pension too, find out how to budget for retirement, and learn about easy ways to boost your income.
In addition, if you have already retired and regretted buying an annuity, we’ve got the latest information on plans to let you sell your annuity for cash.
Finally, you’ll also get a chance to win two nights with breakfast and dinner in a Warner Leisure Hotel.
The magazine is on sale in leading newsagents from 7 April 2016, priced at £4.99. It can also be ordered online via Moneywise for £6 including postage and packing.
In exchange for any lump sum – usually your pension fund – an annuity is “bought” from an insurance company and provides an income for life. When you die, the income stops. Annuity rates fluctuate daily and depend on your sex (although from 21 December 2012 insurers will no longer be able to use gender as a factor when calculating annuities), age, health and a number of other factors, so you have to pick the right one and, once bought, its terms cannot be altered, so seek financial advice.