How to Enjoy a Guilt-Free Retirement
August 3, 2021 by Robert Klein, CPA
Tilney, a highly-regarded financial planning firm in England, where workers are automatically enrolled in employer pension plans unless they opt out, surveyed 1,300 employees in 2018 regarding what they planned to do with their pension when they retire. The results were as follows:
- 40% said they didn’t know what they would do.
- 22% said they expected to keep most of it invested, taking some withdrawals.
- 10% would potentially cash it all in.
- 10% would use the pension to buy an annuity.