The other day, while I was making some tea, ‘When I’m Sixty Four’ came on the radio.
Now, I like the Beatles, but I’ve always hated that song.
Even MORE so, now that McCartney really IS over 64 and still giving the world his wacky thumbs-up… all dyed hair, mansions and world tours.
Even with his marital problems, I’m sure this is all a hell of a lot easier when you’re a multi-millionaire.
For the rest of us, we face the threat of a dwindling pension pot. Lots of beans on toast and anger about where exactly our retirement dream has gone.
The problem is that most people are told they should use their pension to buy an annuity.
As you probably know, an annuity is a type of insurance policy that provides a regular income in exchange for a lump sum.
However, the rates you get from annuities have slumped dramatically. In fact, today's annuity rate for a 65-year old man is about 6%… or even less.
Therefore, with a pension fund worth £100,000 you would receive an annual income of £6,000.
When I’m 64 indeed!
Not only is a small amount, It also means we all better eat well and get on our exercise bikes…
Because you’ve got to live another 17 years after retirement to get your cash back!
According Brian Bennis and Kevin Whelan, the experts at Kingswood Law, you have to live about 17 years just to get your money back.
And then you consider that you'll be taxed on the money you receive. It means that if you're a high rate taxpayer, you'll have to live about 25 years just to get your money back.
Does this seem fair?
And what about the curse of inflation? It’s going to chew up a lot of your money.
Yes, YOUR money.
I know, sorry to be a misery guts today, but you really should go to the Kingsland Law website and see what they have to say.
It makes for fascinating and disturbing reading.
They reveal that you have TWO choices about your pension… and yet you’re provider is probably only offering you ONE: annuities.
This means you could be missing out on thousands by taking an alternative route.
Seriously. You do have another option!
Go and take a look here:
http://www.kingswoodlawifa.com/pension-gen-why.html,
A boon for an old freebie fanatic
As you know, I’m a total freebie hunter. And this is a cracking opportunity to get something for nothing.
The great thing about the Kingsland Law website is that they’ll give you a free pension report. It’s all based on your situation and requirements.
Pus you get a pension eBook called ‘How to Maximise your Pension with Minimum Risk’. Again, this is gratis.
It’s full of stuff the insurance companies would rather you didn't see.
They’ll also send you a book called Save a Fortune... Fast! It's available on Amazon and many other good booksellers but you can also get this for NOWT.
Nowt, I tell you!
Obviously, in return they may politely introduce you to their pension service, but you're under no obligation to do any business with them.
So bring it on. This is unmissable stuff. You can download it for nothing and, really they’re good guys. I’ve thoroughly checked them out.
Go here and take a look:
http://www.kingswoodlawifa.com/pension-gen-why.html,
Oh, and pass this link onto anyone you think may benefit. This information should be for everyone.
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