Stressed man and woman looking at their bills in the living room

Preparing for retirement

by on March 25th, 2011

Most of us know that retirement is something we much actively plan and save towards, however many people get side-tracked by other aspects of their life and fail to save or save sufficiently to meet the needs at retirement. If you are <50 years old, you will not be able to draw on a State pension until the age of 68, so what are you going to do if you want to retire before that?

Many Irish people don’t know how much they should save or how tax relief works according to many surveys, however an expert to help guide you through this. Moreover, retirement today is more than just a matter of accumulating enough money. Increasing life expectancy has made retirement an extended stage of life. People can expect to spend up to 35 years or more in retirement. That’s a long time. What kind of retirement do you want and how can you prepare for it and when should you start?

About the author: Bob Quinn

Bob Quinn is Managing Director of Money Adviser. He is passionate about personal finance matters and helps clients achieve their financial goals through independent financial reviews. He is a Qualified Financial Adviser (QFA) and well underway to becoming a Certified Financial Planner (CFP). If you would like to hear Bob's thoughts on any personal finance matters, he can be contacted through bob@moneyadviser.ie.

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