I like James Shack as well, he gives some really good examples of how it all works and certainly made me understand how drawdown should work when I retire.
Pension fund performance - do you monitor yours, how is it doing, do you actively change it?
- Thread starter danlightbulb
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this is fascinating, honestly... I never knew that much about annuities...
but at 65 years old and for 100k you can get an average of 7.7k a year (at the moment).. that' like 7.7% APR!
you only have to live till 78 years old and you will be quids in, and you can buy insurance to ensure that if you did kick the bucket sooner than there will be an amount that pays out.
doesn't seem like a bad idea to use some of my pension pot or even ISA to have some guaranteed income for the rest of my life.
but at 65 years old and for 100k you can get an average of 7.7k a year (at the moment).. that' like 7.7% APR!
you only have to live till 78 years old and you will be quids in, and you can buy insurance to ensure that if you did kick the bucket sooner than there will be an amount that pays out.
doesn't seem like a bad idea to use some of my pension pot or even ISA to have some guaranteed income for the rest of my life.
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