The New Year is here and with it a promise of fresh starts and new challenges. It’s a great time for reassessing our lives and making plans.
And for those about to embark on retirement, it’s the perfect opportunity to start thinking about the financial future.
Many people have already mapped out aspirations for the year ahead, with their latest list of New Year’s resolutions brimming full of ambitious goals to help realise their dreams in 2018.
In recent years, the most common have been health-inspired, with findings from a ComRes poll revealing the top three as exercising more, losing weight and eating more healthily.
Other popular pledges include spending more time with friends and family, taking up a new hobby and developing different skills.
But are our dreams financially realistic?
According to a YouGov survey, one in five resolution-makers in 2017 had abandoned their goals by the end of the first week of January, with almost half (45%) admitting to completely failing on their previous year’s ambitions.
It’s no surprise, when you consider the extra cost many goals come with. From taking up a gym membership, purchasing exercise equipment or going organic, many could stumble by simply failing to budget for the added expense.
So, shouldn’t the promise we prioritise be to take a healthy approach to money matters?
Planning what to do with your pension is the one resolution that soon-to-be retirees can’t ignore. At My Pension Expert, our team of professional advisers are on hand to help.
Using our unique technology, we search the whole of the market for you. We then determine the most suitable product and provider, based on your goals and individual circumstances. These include your health, wealth and lifestyle and ensure you benefit from the maximum retirement income.
Plus, as we work with the entire market, we can access the very best deals available and benefit from preferential rates.
We can also help to change provider to make the most of your pension pot. Many of our customers have benefited from making a switch, with an average tax-free lump sum of £18,333 gained in the process – money that could be spent on making those New Year’s dreams come true.
Very few of us will stick to our list of life changes made at the beginning of the year. But pledging to make pension planning your priority could be the most achievable goal you’ll ever make. One without an inevitable downfall or added strain on your bank balance.
So, is your pension enough to finance your retirement goals? Why not give one of our friendly Retirement Technicians a call today free on 0800 6899 335. Let us help you make it count in 2018 and beyond.