Have your say 2 - Wake up and smell the coffee

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Dave Harris explains why the wake-up letter alone is not enough

One big issue for retirees who have built up money purchase pension pots is how best to exchange it for an income. Positive thinkers will probably look closely at all the options available to see which best fit their needs, not just for the next few years but for the whole of a retirement that could last two, three or perhaps four decades. Income boosting option In reality the majority of retirees fail to latch on to the affirmative by considering all the options. The market today offers conventional lifetime annuities, enhanced and impaired annuities, and fixed-term annuities. For those...

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