Nikki Pirrello’s Post

State Pension Age to increase to 71? A new report suggests that the retirement age for UK workers may need to rise to 71 by 2050, raising concerns about the future of the state pension. As alarming as this is, from my point of view, you can still work towards retiring at your desired retirement age with careful and diligent planning between now and then. The earlier you start the better! #financialadvice #financialplanning

This makes for an interesting read, not only because it talks about retirement age and its economic needs and impacts, but because it talks about generational views on how ageing, retirement and pension funds are perceived. #longevity #ageing #retirement

What are Generation Z's retirement prospects? How different could the pensions landscape be at their retirement? Read how intentions compete with reality for the youngest generation in the UK workforce - from the perspective of Gen Z. #GenerationZ #StatePension #FinancialPlanning https://lnkd.in/eZz2TTSF

How to plan for retirement when you have no pension: Practical advice on how to build your retirement savings for employees at mid-career, the self-employed, single parents and more. Journalist: Michael McCullough Editor: Justin Dallaire #itpaystoknow #retirement #retirementplanning #savings #pensions #CPP #OAS #retirementincome #seniors #selfemployment

You might have read on BBC News today, 'A single person will need £31,300 a year for a moderate income in retirement, according to a pensions industry body.' Inevitably, individuals will look to their financial planners for answers....'Will I run out of money? Can I afford to help out the children? How are the markets affecting my pension?' At Partners Wealth Management we address these problems using a providers Retirement Income Solution, which gives clients the confidence they need in retirement. #retirement #independentfinancialadvice

It's never been so important to look at your pensions and retirement plans, seeking expert advice in your decision-making can make a real difference. https://lnkd.in/ehcczfYp

The Wisconsin Retirement System is one of the most prepared public pensions for the next economic downturn. “In Wisconsin, stress testing demonstrates that current policies are sufficient to maintain high funding levels with minimal uncertainty about contributions. A stress test of the WRS shows that in a 25th percentile scenario (a 1 in 4 chance that economic and investment conditions will be this bad or worse), employer contributions would only need to rise from 12.9% of salary to 15.2% of salary over a 10-year period,” according to Pew Trusts’ November report on public sector retirement systems. To view the full report, click below. #WhySWIB #SWIBEdge.

How do Generation Z's retirement prospects look? How might the UK pensions landscape change in the next 40 years? Read a Gen Z perspective on retirement, here: #GenerationZ #UKPensions #FinancialAdvice https://lnkd.in/e__nvVkX

How can a whole of life planning app drive pensions engagement? Paul Muir offers his thoughts in the following article: https://lnkd.in/eqHgfbxs #Pensions #Engagement #FinancialPlanning

Pensions form the backbone of retirement assets for most people, but too often younger savers don’t take advantage of the available tax breaks and planning opportunities that they afford. Lumin Financial Planning Manager Joseph (Joe) Fisher shared some tips with MoneyWeek readers on how to optimise pensions: https://lnkd.in/e2-W4jdk