FabSwingers.com forum: Have you left it a bit late like me ?

By *riskygaz OP Man
38 weeks ago

birmingham

I will be 60 this November, and foolishly i only joined the works pension a little over three years ago, it was something i thought about but just put it off. Now with retirement getting closer i am now thinking of ways to make up for lost time.

I am starting to pay extra into the pension, and have some money put aside which i am now considering part of my pension pot. I am thinking of just sticking it in the highest interest rate account available, and adding cash to the pot when ever i can.

Anyone in the same boat and what is your strategy ?

By *icecouple561Couple
Forum Mod
38 weeks ago

East Sussex

My only advice would be to see a financial advisor. I consulted one in my fifties and am very glad I did

By *onk3yb0yMan
38 weeks ago

south west

As nicecouple said. Financial advisor will give you the best advice. At this stage I would consider other options as well as pensions. Maybe ISA / fixed rate savings etc. just in case something happens to the stock markets and you don’t have enough time for the pension to recover. But what do I know. See a FA.

By *ild_oatsMan
38 weeks ago

the land of saints & sinners

Interesting that you have asked a swinging site for financial advice…

Let me have all your bank details and I’ll sort your finances out for you in one go…..

By *riskygaz OP Man
38 weeks ago

birmingham

"As nicecouple said. Financial advisor will give you the best advice. At this stage I would consider other options as well as pensions. Maybe ISA / fixed rate savings etc. just in case something happens to the stock markets and you don’t have enough time for the pension to recover. But what do I know. See a FA. "
i am leaning towards the fixed term savings, there are some good deals out there at the moment, the money would start adding up after some time.

By *riskygaz OP Man
38 weeks ago

birmingham

"Interesting that you have asked a swinging site for financial advice…

Let me have all your bank details and I’ll sort your finances out for you in one go…..

"
lol you can get good advise from the strangest of places sometimes.