How To Avoid Ruining Your Retirement
| Money : Back To Basics Always review your pension plan, before its too late. Only one in 5 people have revisited their pension plan in the last year. Look out for the best deals and change if you need to. A lot of people also tend to choose to invest all their pension contributions into a default option fund, which is a bad idea. Most of these fall into the Balanced Managed sector, which means the fund will invest no higher than 85% of its assets in shares, so it tempers growth in the long run. Don’t cut your pension contributions as this will leave you penniless during retirement. Remember to factor in inflation too, as prices are sure you go up when you’re older, so your money now wont be worth the same or more in the future. It will probably be worth a lot less. Never rely on the Government, as policies can always change if a new leader is in power, for example. The retirement age is also getting later and later, so it’s a good idea to prepare yourself.
 Questions about retirement:
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