4 Truths that Could Trip Up Your Retirement Plans

FUTURE PROOF: Make sure you have taken stock of all necessary financial-planning considerations in retirement, such as new expenses and costs

Christine Benz 21 September, 2015 | 3:20PM
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Your investment portfolio, despite the market ups and downs of the past few months, is looking bountiful – and that is before you consider the income from your State Pension. Could retirement be more attractive than you initially thought – and may even come sooner than you panned?

Those happy thoughts may well be in the minds of many 50- and 60-somethings these days, thanks to the bull market that has run since the global recession. A financially comfortable retirement seemed like a distant dream in the wake of the financial crisis, but is now starting to look eminently possible.

But before you throw caution to the wind, make sure you have taken stock of all necessary financial-planning considerations in retirement, such as new expenses and costs that you might not have had to contend with when you were working.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Christine Benz

Christine Benz  is director of personal finance at Morningstar and author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances.

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