• Home
  • Episodes
  • About
    • Awards
  • Contact

Make the most of your money

martin@icfp.co.uk
Informed Choice RadioInformed Choice Radio
  • Home
  • Episodes
  • About
    • Awards
  • Contact
ICR 120_ 7 ways to make your money last in retirement

ICR 120: 7 ways to make your money last in retirement

07/10/2016 Posted by Martin Bamford Podcast

 

It’s official, we are all living for much longer! The latest data shows more than half a million people over the age of 90 living in the UK. So how can you make your money last until you reach your 100th birthday?

In this episode of Informed Choice Radio, Martin talks about 7 ways to make your money last in retirement. There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

Subscribe in iTunes | Click to listen now | Right click to download episode

7 ways to make your money last in retirement

Last week, the Office for National Statistics published some very interesting figures which confirm that we are, as suspected, all getting older.

The headline was that half a million people in the UK are now aged 90 and over.

In fact, the ONS estimate that 556,270 people living in the UK are aged 90 and over.

By way of comparison, this is up from just 194,670 people back in 1985, 30 years before the current set of data.

The main driver of population ageing in recent decades has been improving mortality at all ages, but particularly at older ages.

Life expectancy is a big deal when it comes to your personal finances, here’s why.

We all know our date of birth, none of us can predict our date of death. This makes it really hard to plan for our finances in the future, because we don’t know how long we need to make our money last in retirement.

In this episode, Martin discusses 7 ways to make your money last in retirement, until you celebrate your 100th birthday and receive a telegram from The Queen.

The seven strategies Martin talks about are:

1 – Secure your basic income needs with a guaranteed and inflation linked income.

2 – Stick to the 4% rule.

3 – Don’t retire too early.

4 – Retire in stages.

5 – Age-proof your property

6 – Keep your investment portfolio simple

7 – Stay fit, healthy and active

Right click here and save as to download this episode to your computer

Personal finance news update

-As much as £38bn could be lost if the UK leaves the single market, according to a report commissioned by TheCityUK.

-Bank of England analyst Jonathan Fullwood has said that the financial “gobbledygook” used by banks risks perpetuating a “great divide” between them and consumers.

-More than 300,000 pension savers a year are being left to fend for themselves when they retire.

-The FTSE 100 index of leading UK company shares closed just short of its record high on Tuesday, at 7,074 points.

-A petition to ban pension and investment cold calling has exceeded 1,000 signatures.

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visitwww.speakpipe.com/InformedChoicePodcast to leave an online voicemail.

Help us spread the word!

Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have.

If you enjoyed this episode, please share it by using the social media buttons on this page.

If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.

Subscribe in iTunes | Click to listen now | Right click to download episode

Share
0

About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

You also might be interested in

ICR217: 14 Ways To Stop Wasting Your Money

ICR217: 14 Ways To Stop Wasting Your Money

May 19, 2017

What is the biggest waste of money in your life?[...]

ICR071_ Creating Financial Peace of Mind

ICR071: Creating Financial Peace of Mind

Mar 9, 2016

  In this special episode of the Informed Choice Podcast, we[...]

Solving money worries at work, with Jeanette Makings

Solving money worries at work, with Jeanette Makings

Jan 28, 2019

The vast majority of us are suffering from money worries,[...]

Latest episodes

  • Cascading your wealth, with Marlene Outrim
  • How to reduce your energy bills and combat fuel poverty, with James Sommerville
  • Money mindset, with Makala Green
  • Critical Thinking Skills: How to Combat Fake News, with Helen Lee Bouygues
  • Managing an ‘all-weather’ global equity portfolio in 2022, with Matthew Tillett

Subscribe to Informed Choice Radio

 

Like us on Facebook

Get social with us!

About us

Welcome to Informed Choice Radio, the personal finance podcast all about achieving your financial goals and living a better life.

Find us here

  • Martin Bamford
  • Informed Choice Ltd
  • Sundial House, 20 High Street
  • 01483 274566
  • martin@icfp.co.uk
  • www.icfp.co.uk
  • martinbamford

Fresh from our podcast

  • Cascading your wealth, with Marlene Outrim
  • How to reduce your energy bills and combat fuel poverty, with James Sommerville
  • Money mindset, with Makala Green
  • Critical Thinking Skills: How to Combat Fake News, with Helen Lee Bouygues
  • Managing an ‘all-weather’ global equity portfolio in 2022, with Matthew Tillett

© 2022 · Informed Choice Ltd. Site by Bear Content

  • Home
  • Contact
Prev Next