Skipton Building Society has teamed up with personal finance blogger Lotty Earns who offers her practical tips for savers of all ages to prepare for life ahead.
Lotty's top tips
- Consider how much you will actually need to fund your retirement
Look at your outgoings and think about how that could change in the future. It will also be helpful to identify where your retirement funds are, such as different pensions and how much you are contributing.
- Two heads are better than one – have that conversation!
Have open conversations with your family and friends to get a better sense of how to prepare. You could discuss the financial products they use, sacrifices they’ve had to make since retiring, and how they went about their own planning.
- Start thinking about it as soon as you can
Get the ball rolling as soon as you have money coming in. One idea is to review your bank statements or keep a spending diary to show where your money goes and what you have available to put away for your future.
Take the next step
The future you want won’t happen by itself. If the Skipton Retirement Tracker has got you thinking about your own plans for your life ahead, we can help you.
At Skipton we can help you understand how much money you might need for your retirement ambitions and what you might need to do to prepare. And when you’re ready to take the next step, we’re right with you.