Timothy Sumer

In this video, I talk you through the steps you need to follow to work out how much you need to retire, including going through your finances, calculating your state pension, using a pension calculator and working out your net retirement income. I also tell you what to do if your predicted retirement income is less than you'd hoped or you haven't already got a pension. Check out our full article below: 00:00 - How much do I need to retire? 00:53 - What is a good retirement income? 02:15 - Step 1 - Go through your finances 02:46 - Step 2 - Calculate your state pension 03:48 - Step 3 - Use our pension calculator 05:14 - Step 4 - Work out your net retirement income 06:18 - What if your predicted retirement income is less than you'd hoped? 07:17 - The next step if you've not already got a pension Pension calculator - Income tax calculator - Link where you can apply for state pension forecast - “What is a pension and how does it work?” video - #pensi...

On this week's throwback special podcast we discuss the news that retirees could be in line to receive a £2,000 boost to their state pension over the next two years under the Government's triple lock promise. Nothing is guaranteed, however, and so in light of the recent triple lock suspension for the 2022/23 tax year, we discuss other ways you can boost both your state and private pension. My name is Damien Fahy, founder of Released every Sunday, the Money To The Masses Podcast covers a wide range of personal finance topics including investing, savings, insurance and pensions, as well as ways to make and save money and the scams you should avoid. --------------------------------------------------------------------------- For more information about 80-20 Investor visit --------------------------------------------------------------------------- If you are looking to get your finances in shape then check out Damien's FREE Money MOT at ---------------------...