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
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)