Timothy Sumer

The UK state pension has already steadily increased and it is soon to go up further to the age of 68. In this video I go through the implications for the rise in the state pension and what it could mean for you. We already have one of the highest and least generous state pensions in western economies and this is a further squeeze on people who have worked hard all their lives. #pensions #retirement #ukstatepension timestamps 0:00 intro 1:40 how UK compares 2:46 when will the changes come into force? 3:12 messed up retirement plans 3:50 how much you need for a comfortable retirement... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The UK State Pension Age Will Rise to 68: What Does it Mean for You? The UK government has announced that the State Pension age will rise to 68, affecting millions of individuals who ar...

If you’re feeling a bit lost and confused about about exactly what is going on with pensions in the UK you’re in the right place. link to details on age entitlement In this video I wanted to summarise the current situation as it stands today for the state pension The state pension age is currently 66. So if you are 64 today, you will be entitled to the state pension from the age of 66. If you are born after 5 April 1960, making you 63 or younger right now, you are part of the phased increase in SPA to 67. The increase, to 68, is not due to happen until between 2044 and 2046. I recently made a video about discussion around bringing forward the increase in pension age to 68 increase in state pension age to 68 is being brought forward. The announcement confirming this change was anticipated to happen in May 2023. The Treasury wanted the change to 68 to come in as early as 2035 – affecting you if you are 54 and under today. Some reports have talked about the change pos...

Pensions are confusing and it can be difficult to decide what is the best for you. If you are not sure what an annuity is versus drawdown, this video will help you understand the difference. #annuity #drawdown #ukpension 0:00 what is an annuity? 1:05 the pros of drawdown 2:00 the cons of drawdown 2:44 the pros of annuities 4:00 the cons of annuities 4:33 factors to consider in making your decision 5:31 cash reserve with a drawdown... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/annuity-or-drawdown-the-pros-and-cons-to-help-you-decide-what-to-do-with-your-pension-pot/?feed_id=38907&_unique_id=637051d639f40 #Inflation #Retirement #GoldIRA #Wealth #Investing #careergrowth #DianneSullivan #personalfinance #personalgrowth #thegrowthwriter #RetirementAnnuity #careergrowth #Dian...