When planning for retirement, it’s crucial to determine how much money you’ll need to sustain your desired lifestyle and cover your expenses. This calculation involves various factors, including your current age, desired retirement age, life expectancy, expected inflation rate, investment returns, and whether you own your home or not. In this article, I will provide a concise overview of how to estimate the amount needed to retire, assuming you already own your home.

What is the 25% retirement rule? The 25% retirement rule is an indicator of how much money you may need to save for your retirement. It is based on an assumed withdrawal rate of 4% of your savings in the first year of retirement, with all future withdrawals indexed...

From 1 July 2023 the ‘retirement age’ increased to 67 years. In this article we delve into the reasons for this change and the consequences.

Here we will explore essential steps to take before you retire, helping you build a clear vision of your post-retirement life and ensure that you have the financial means to enjoy it to the fullest and embrace retirement with confidence. Whether you aspire to travel the world, indulge in hobbies, or simply relish quality time with loved ones, taking these proactive measures will lay the foundation for a rewarding and worry-free retirement journey.