Debt Advice News: Simple planning key to happy retirement

07/01/2010

Proper planning is the key to a comfortable retirement, according to new advice issued by Friends Provident.

Simple actions, such as ensuring you are receiving the pensions you are entitled to and topping up your National Insurance, could prove valuable ways of making the most of your savings.

Martin Palmer, head of corporate pensions marketing at Friends Provident said: "Saving for retirement does not need to be complicated.

"Advanced retirement planning ensures long-term security – it doesn't need to be rocket science."

He added: "For many people a 'retirement career' is an attractive way of keeping a moderate income in retirement, whereas for others the plan could be to move abroad - either way, careful, advanced planning is required along with a dose of realism."

The pensions company also advised people to observe retired friends and family and work out the necessary steps they need to take to aspire to a similar lifestyle.

Director of EuroDebt Kevin Stills commented: "We would support a policy of good long-term planning, however, the current financial crisis was not anticipated by the financial experts, let alone the private pension investor.

"Millions of pensioners are having to take a retirement career just to make ends meet because of pension shortfalls and debts carried over into their retirement years.

"Our average over sixty client on a Debt Management Plan has over £29,000 of unsecured debt with over 8 creditors. These clients do not want to put their home at risk."

Tags; Retirement Money Problems,

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