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Retirement is one of the most important phases of one's life, and proper planning is integral in ensuring it is as comfortable and stress-free as possible. However, when it comes to UK pensions, many people make a huge mistake that can have significant consequences down the line. The mistake in question is failing to contribute enough to their pension during their working years. According to a recent study by Aegon, the average UK worker is on track to have a pension pot of just £67,000, which is far below the recommended minimum of £260,000 needed to generate a comfortable retirement income of £19,000 per year. One of the primary reasons for this shortfall is that people often do not start contributing to their pensions early enough in their careers, instead
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 :)