{"id":22711,"date":"2024-03-05T11:23:36","date_gmt":"2024-03-05T11:23:36","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=22711"},"modified":"2024-03-05T11:24:21","modified_gmt":"2024-03-05T11:24:21","slug":"whats-your-retirement-dream","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2024\/03\/05\/whats-your-retirement-dream\/","title":{"rendered":"What\u2019s your retirement dream?"},"content":{"rendered":"
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Research<\/strong>1<\/sup><\/strong> has revealed that the ultimate retirement dream is actually very simple \u2013 financial security for the rest of your life.<\/strong> <\/p>\n<\/div>\n\n

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This is according to a survey1<\/sup>, which questioned 2,000 respondents aged 50 and over on their aspirations for later life. <\/p>\n<\/div>\n\n

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Hopes and dreams<\/strong> <\/p>\n<\/div>\n\n

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Nearly all the respondents to the survey (94%) said that financial security was one of their biggest retirement wishes. Other retirement aspirations included: <\/p>\n<\/div>\n\n

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  • Being able to maintain one\u2019s desired lifestyle (94%) <\/li>\n<\/div>\n\n
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  • Spending time with family (90%) <\/li>\n<\/div>\n\n
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  • Being able to afford care if required (81%) <\/li>\n<\/div>\n\n
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  • Being able to afford big family events, such as weddings (73%) <\/li>\n<\/div>\n\n
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  • Travelling (72%) <\/li>\n<\/div>\n\n
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  • Being able to support family financially (69%). <\/li>\n<\/div><\/ul>\n<\/div>\n\n
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    However, 41% of retired respondents admitted that they\u2019ve ended up needing more money than anticipated. <\/p>\n<\/div>\n\n

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    Avoiding the shortfall<\/strong> <\/p>\n<\/div>\n\n

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    Due to rising life expectancies, many people can expect to spend several decades in retirement. You therefore need to give careful consideration to the below: <\/p>\n<\/div>\n\n

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    How much do you need?<\/strong> \u2013 what level of income will you need for your preferred lifestyle? <\/p>\n<\/div>\n\n

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    What do you have?<\/strong> \u2013 let\u2019s take stock of your pension(s), savings and investments, and any other assets you currently have. <\/p>\n<\/div>\n\n

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    When do you want to retire?<\/strong> – this will give you an idea of how long you have to save before entering retirement. <\/p>\n<\/div>\n\n

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    Think about tax<\/strong> \u2013 there are serious benefits to properly utilising the tax allowances available to you. <\/p>\n<\/div>\n\n

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    Take advice<\/strong> \u2013 research2<\/sup> has revealed that people who take financial advice can expect to retire three years earlier on average. Advised consumers also believe they can fund their desired lifestyle for six years longer than their non-advised counterparts. <\/p>\n<\/div>\n\n

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    Achieve the dream in 2024<\/strong> <\/p>\n<\/div>\n\n

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    Make 2024 the year you make your retirement dreams come true. We can help you work towards enjoying the retirement you\u2019ve always dreamed of. <\/p>\n<\/div>\n\n

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    1<\/sup>Legal & General, 2023 <\/p>\n<\/div>\n\n

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    2<\/sup>Standard Life, 2023 <\/p>\n<\/div>\n\n

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    The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.<\/strong> <\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

    Research1 has revealed that the ultimate retirement dream is actually very simple \u2013 financial security for the rest of your life.  This is according to a survey1, which questioned 2,000 respondents aged 50 and over on their aspirations for later life.  Hopes and dreams  Nearly all the respondents to the survey (94%) said that financial […]<\/p>\n","protected":false},"author":4,"featured_media":22712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,89,88,90],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/22711"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=22711"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/22711\/revisions"}],"predecessor-version":[{"id":22715,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/22711\/revisions\/22715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/22712"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=22711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=22711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=22711"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=22711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}