Fifth issue of How to Retire in Style hits the newsstands
The latest issue of Moneywise’s sister magazine, How to Retire in Style is now in sale from all good newsagents including WH Smiths, Sainsburys and Easons in Ireland.
Alternatively you can order your copy here.
Whether you have 10 years before you plan to retire or are about to quit work for good, How to Retire in Style brings you the latest advice on financial planning for retirement.
From taking cash out of your pension, to going into drawdown and buying an annuity, the magazine offers jargon-free guidance on the best options for you.
In this latest issue you can also find out what real retirees are doing with their money, get the lowdown on the safety of final salary pensions in the wake of the BHS collapse and find out everything you need to know about the new state pension.
Rachel Lacey, editor of How to Retire in Style says: “The pension freedoms offer retirees flexibility and choice, but the onus is now on them to make sure their money doesn’t run out.
Retire in Style guides you through the available options, explains the pros and cons and highlights all the factors you need to take into account to build a plan that suits you.”
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.