When is the best time to start saving towards retirement?

atush

Swash wrote: »

Thanks for all your replies. I am in the forces so will receive a forces pension. To be honest I'm not really sure how it works, but I'm not planning on staying in the forces to be entitled to the 'full' pension.

Thanks for the link xylophone, I will have a look now.

I am planning on overpaying my mortgage anyway but though pt it might be a good idea to save some of my wages also.

Thanks again.

AS you are int he forces pension, stay in it. You can open a PP or Sipp as well, which will help you retire early before your pension pays out( forces pensions used to pay out early but not sure they still do- what is your scheme age?).

Or you could use a S&S isa instead, which could be pensioned later or used for other life expenses. You should also have a decent cash emergency fund.

bigfreddiel

dunstonh wrote: »

1 - probably hasnt read the pension booklet
2 - probably relied on someone else to tell him things and that person doesnt know (workplace myths for example)
3 - probably has never sought advice from an adviser.



And if he pays for that service, he will get it.

So it's the customers own fault for not asking the right person, and not being interested in their own future.

So professional advice should be fully explained. How does an advisor ensure their customer understands the advice?

Cheers fj

dunstonh

So it's the customers own fault for not asking the right person, and not being interested in their own future.

Yes. Like everything you do in life, you either do it yourself or you get someone else to do it. Or you do nothing.

So professional advice should be fully explained. How does an advisor ensure their customer understands the advice?

Asking them questions. Asking them if they dont understand anything.

atush

bigfreddiel wrote: »

So it's the customers own fault for not asking the right person, and not being interested in their own future.

So professional advice should be fully explained. How does an advisor ensure their customer understands the advice?

Cheers fj

give over, and stop saying cheers while insulting people.

Your anti IFA bias is getting very old.

Why should any IFA post here to help newbies while not being paid? They do but apparently aren't giving free advice enough for you.

Esp if the 'advice' given could be held against them as they are professionals? their insurance i assume would only kck in if they gave qualified advice to clients. Not advice you demand here for free?