Your 50s are one of the most powerful decades for improving your retirement outcome. Many Hampshire residents begin reviewing their pension seriously at this age, and those who take action often see the biggest improvements.
Know Your Retirement Target
Start by calculating how much income you will need in retirement. This varies depending on lifestyle, mortgage status and future goals. A local advisor can help estimate a realistic and achievable target for your situation.
Increase Contributions
Your 50s often bring more financial stability. Increasing your contributions now, even slightly, can significantly boost your retirement income due to compounding growth.
Check Your Pension Investments
Your investments may need adjusting as you approach retirement. Many people in Winchester and the surrounding Hampshire areas choose to switch to a more balanced mix of growth and lower-risk funds.
Review Your Pension Pots
If you have several pensions from previous jobs, this is the time to check their performance. Consolidating can reduce fees and simplify management.
Take control
Book a pension review with a Hampshire specialist and make your 50s the decade that transforms your financial future.
