Retirement planning

Our 10 golden rules of investing

When it comes to the world of investing, there are various traps investors need to navigate. But there are also certain steps that can greatly increase the chances of investment success. Such basic principles are by their nature nothing new; indeed they are subjects Money Observer has covered extensively over the years – but we think if something is important it is worth repeating. With this mind, we pull together 10 golden rules for investors.

- How to invest: explore our resources

How to get your investments into shape ahead of retirement

Wobbly markets may have given those contemplating retirement pause for thought. In recent years, managing a retirement portfolio has been like falling off a log: as long as the portfolio is invested in financial markets rather than cash, it’s been going up. However, recent volatility suggests this ‘in it to win it’ approach may not be as effective in future.  

Controversial call for state pension to be means-tested

The International Monetary Fund (IMF) has called on the UK government to consider means-testing the state pension.

Such a move, it is claimed, would make the system fairer and more affordable, with the IMF noting that means-testing would ‘improve sustainability’ and ‘safeguard the most vulnerable’.

Revealed: the amount you need to save to secure a comfortable retirement

UK savers need to put away seven times their annual household income to maintain their current lifestyle in retirement, according to a new study.

The research, carried out by Fidelity International, calculated that 13% will need to be tucked away from the amount earned each year to meet this milestone, from the age of 25 to 68.

Voluntary redundancy: should I stay or should I go?

Taking voluntary redundancy can be a fantastic opportunity to ditch the drudgery of your job and follow your dreams. However, while a redundancy package can be tempting, it’s important to weigh up your options and the financial implications before taking the leap.

Retirees look to leave a legacy instead of spending their fortunes

Most retirees don’t spend their wealth during retirement, but plan to pass it on instead, according to a new report by the Institute for Fiscal Studies (IFS).

The report found that on average individuals will spend just 31 per cent of their financial wealth between ages of 70-90.

Meanwhile, those at the top half of the financial wealth distribution spend slightly more of their wealth in retirement at 39 per cent.

Early-retired urged to review state pension top-up options

Hundreds of thousands of people who have stopped work before state pension age are being encouraged to review their national insurance contribution (NIC) record for 2017/18. The call comes from mutual insurer Royal London, which says people should check whether they can now top up their state pension at heavily subsidised rates.