What YouTubers get wrong about pensions
3,959
Published 2024-05-15
My favourite pension youtube channels are:
Ben Felix
The Plain Bagel
PensionCraft
Are your pension forecasts overshooting the runway for life after 75? This video discusses why conventional pension planning might be overcalculating your post-retirement needs and how you can adjust your savings strategy for a more accurate financial future.
🔍 *What You'll Learn:*
- *The Overestimation Issue:* How pension forecasts can misjudge the required funds after 75.
- *Lifestyle Changes:* The shift in spending habits and cost of living as we age.
- *Adjusting Your Forecast:* Tips for recalibrating your pension plan to better reflect your actual needs.
💡 *Key Takeaways:*
- Gain insights into the common misconceptions of post-75 retirement spending.
- Understand the factors that can lead to overestimation in pension forecasts.
- Learn how to tailor your pension savings to your true golden years' lifestyle.
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All Comments (6)
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4% is a very rough guide, it doesn't account for tax and is more US orientated in my view. I prefer to work on 3.5% but even that isn't a target its a just a finger in the air, I wouldn't tell anyone to base their withdrawals on it.
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Why wouldn't you take DB early at a reduced rate?
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Interesting video. James shack is excellent. I think 4% is a good guide but I would recommend a professional model to undertake a monti Carlo simulation.
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I wonder how many of the 35 year olds talking about pensions have the luxury of define benefit pensions. They're only 20 years behind you but their retirement is going to look a lot different to yours.
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Looks like a German Shorthaired Pointer or maybe a Weimaraner.
