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Start Paying Pension Again or Pay Off Debt
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Think of retirement planning as a debt. If you want £x of income in retirement then you will need a pot of £yyy,yyy to achieve that. You have to pay £yyy,yyy on retirement age to get that income. If you dont have it then you dont get the income.
Trying to focus on one thing only is bad. its a bit like asking whether you should pay the gas bill or the electric bill. You pay both.
The last decade or so has been one of the worst on record. Yet despite that, the average pension fund has still grown by more than cash savings and more than the interest rate on your mortgage.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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