Many people worry about retirement and having enough of a pension to live on so one of the very best financial actions you can take to alleviate this stress is to start investing for retirement. It is so much better to start a pension when you are young and young people have been shown to be good at saving, but research suggests that Millennials are more likely to want to keep their retirement savings in cash, holding an average of 52 percent in that seemingly safe choice rather than in investments. But it has to be remembered that inflation steadily decreases the value of cash over time so this is really not the best way to save for the long term. If money you’ve saved is sitting in some kind of cash investment, why not look into a growth-oriented option by seeking some financial advice this year.
If you are struggling to work out how to fund your pension, your mortgage and your student loan why not make 2016 the year to cut back on shopping for things you don’t really need, and instead save for experiences you really want which includes not worrying. Enable’s IFAs in Bishops Stortford can help you address any financial worries you may be struggling with.
Source: International Business Times
Issued by: Enable Independent Financial Life Planners • 25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE
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