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.
Lucy writes… I have just turned 60 and my husband and I don’t have a huge pension pot and we are not sure what to do. I would like to retire at 67 and initially rent out our home and move around and live somewhere cheaper if health permits.
Alina Khan, the i Paper’s money coach reporter responds… After receiving your email and some back and forth, you told me you have £110,000 in your pension and your husband has approximately £60,000. You also told me you have £137,000 in savings and no mortgage on your house which is worth about £800,000.
Shorts
You mention wanting to initially rent out your house and be able to travel around in retirement.
