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Retirement planning - have you revised your figures? | Forum

Topic location: Forum home » Support » General Questions

I am sure that somewhere in this section of the forum there was a topic dedicated to retirement figures. The figures seemed more realistic than in the general pension administration, and many of the messages were related to DB pensions.

Given the rising cost of living, have any of you revised your figures? For those of you who have already retired, how are you coping? I'm not going to retire yet, and my current forecast is around £19k a year. I'm just wondering right now if this will be enough, so I'm curious to see how others are doing.

Thanks

jsimitseo Mar 28 '23

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Jesse Hiserp Mar 29 '23

Pension £25k work pension + £7k OAP pension, seem to manage alright but believe this is above the average.

barneba sguitano Mar 29 '23

Thanks for sharing your experience with retirement planning. I totally get what you mean about struggling to adjust to retirement after working for so many years. It's great to hear that taking a part-time job has worked well for you and helped ease the transition.
As for your dilemma, it sounds like a tough decision to make. It's important to prioritize your well-being and not let the stress of saving for retirement take a toll on your health. Have you considered consulting with a retirement advisor to help you make a plan that balances your financial goals with your physical and emotional needs?
I've recently discovered some retirement advisor resources online that you might find helpful.

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Retirement planning - have you revised your figures? | Forum