In our Pensions Crisis Coach series, we aim to help ease your retirement worries. Are you concerned you’re not saving enough for your later years? Do you want to know if you have enough to retire or don’t know how to find your lost pensions? Email us at money@theipaper.com. We’ll seek to get you on the right track with help from some of the best financial experts and advisers in the business.
Jane writes: My husband and I have a mortgage on our house and a mortgage on a flat we let out. We also have some savings, and both have pensions – what else should we be doing to help our pension along? Should we sell the flat and invest that money elsewhere? We both feel we will probably be made redundant sooner rather than later and it will be hard to find a job as we are both in our late fifties. How much do we need for retirement?
Alina Khan, The i Paper’s money coach reporter responds: After receiving your email, I needed to get a better idea of your financial situation as a whole.
After some back and forth you told me you and your husband are both 58 and have a 20-year-old son who will be moving back into your family home after finishing university.
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