Newsletter • Quarter 1 • 2025
Securing Your Retirement
It is quite common to think that because you are part of a good retirement fund, one day you will automatically retire comfortably. This is not entirely true.
You also have a role to play. By taking the following steps, you can ensure that you are financially secure when you retire.
Avoid cashing in your retirement savings
- It is tempting to dip into your savings, especially to pay off debt.
- However, withdrawing your retirement savings when changing jobs is one of the main reasons some members are not achieving a comfortable retirement.
- Save as much as possible, for as long as you can, ideally your whole working life. For most people this is 35 to 40 years.
- Avoid making withdrawals from your savings pot unless it is a real emergency.
- Let compound interest (this is when your interest earns interest) work for you!
Speak to a financial planner
A certified financial planner can help and guide you with the following:
1
Budgeting – To manage your income and expenses effectively.2
Debt management – To create a plan to avoid and pay off debt without sinking deeper into financial trouble.3
Savings strategy – To learn how to save for emergencies and future goals.4
Retirement planning – To understand how you can best save for retirement at different life stages.5
A better understanding – To help you identify any shortfalls and the steps needed to close the gaps.6
Investing guidance – To explore safe and simple ways to grow your money over time.7
Financial protection – To understand insurance options that can protect you and your family.
For FREE financial advice, contact the Alexforbes Individual Advice Centre (IAC)
at 0860 100 444 or email them at iac@alexforbes.com.
Alternatively, you may want to get advice from your own certified financial planner.