The Changing Shape of the UK Pensions Industry
The changing shape of the UK pensions industry is being driven in part by proposed major government reforms, the likely impact of which are only now beginning to be appreciated.
Some industry experts believe the changes will provide opportunities for those pension providers who come up with new ideas and products. Others are less optimistic, warning that the changing pensions landscape may result in the loss of many traditional providers. Continue reading
What you should know about life planning?
It really is amazing how ingrained traditional ideas about life planning have become. I’ve had some friends who pride themselves on their nonconformity never even think about whether the goals they’re setting for their lives really make sense. Many simply assume they’ll retire at age sixty-five, without even thinking about whether retirement makes sense for them at all, and if it does, whether age sixty-five is the right time. People who have striven to keep their offsprings’ minds open to every possibility and opportunity automatically assume they should set aside enough tuition money for each of their children to go to private colleges. The struggling adult children of active Continue reading
The basic of salary problem
Most raise and salary problems, like job-hunting problems, are twins. First there’s the expectant side to the problem: generally a fear that threatens to keep you from taking an action, such as “they’re not going to give me any more money.” And second there’s the extant problem: an outright rejection, like “they said they won’t give me any more money.” However, unlike job-hunting problems, these twins are analogous. In fact, the secret to solving both sides of the dilemma is the same: expertise.
Life planning problem – Not saving enough money
This is almost always an actual problem, since almost no one in America is saving “enough” money. Despite it being a single actual problem, you’ll have no luck solving it until you make it more specific. Until then it will remain an emotional issue. Let’s agree that you’re not saving enough money. However, for what are you saving? Are you not saving enough money to buy a home, to retire, to send your child to Harvard, to start a business? Unless you have a goal and a specific number in mind, you’ll never be able to say you’re saving enough.
