Retirement planning in five key points

Here Wealth at Work outlines five simple steps employees can take to assess their current position and come up with a workable retirement plan. Employees need to work out what they want from retirement The consultant said this included thinking about what they would like to do in retirement, how much it would cost and when those costs would be incurred. Employees, it said, should be aware of different income needs in retirement - specifically, the U shape scenario where the first ‘active' phase is the most expensive. Spending drops off in the ‘passive' phase and then ticks u...