{"id":2997,"date":"2023-01-23T11:56:36","date_gmt":"2023-01-23T11:56:36","guid":{"rendered":"https:\/\/www.fpgonline.co.uk\/?p=2997"},"modified":"2023-09-19T09:46:51","modified_gmt":"2023-09-19T09:46:51","slug":"how-much-do-you-need-for-a-happy-retirement","status":"publish","type":"post","link":"https:\/\/www.fpgonline.co.uk\/index.php\/how-much-do-you-need-for-a-happy-retirement\/","title":{"rendered":"How Much Do You Need For A Happy Retirement?"},"content":{"rendered":"

Planning for retirement, or later life finances, are topics that, for most people, are firmly placed in the \u2018deal with later\u2019 part of our brains, even though we acknowledge how critical both are to later life wellbeing and security.<\/p>\n

Equally, you won\u2019t be too surprised to discover that here at The Financial Planning Group, an important part of our role is to remind, not only our clients, but also the wider community, of the kind of pension pot that will be required to provide the standard of living they would hope for when that day comes.<\/p>\n

Whether or not you have a larger company pension provision, or several smaller pots accumulated from different companies spread over a working lifetime, it is important to know (as early as possible) whether that fund comes close to matching your future expectations. And, if you have no pension fund whatsoever, and are becoming increasingly concerned about what you\u2019ll need down the line, we are here to provide that clarity.<\/p>\n

A recent article in the Daily Telegraph publishes some of the ball-park figures involved in matching expectations with reality, set against an economic back-drop where the cost of the minimum standard has grown 18% in the past year.<\/p>\n

Lauren Almeida\u2019s article suggests that workers need to have a nest egg of at least \u00a3645,000 if they want a comfortable lifestyle when they retire, and although there are nuances, that figure certainly serves as a useful benchmark to measure your own circumstances against. The article goes on to suggest:<\/p>\n