Your Guide to Planning for Retirement


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Happy New Tax year and welcome to podcast from Morningstar UK, the leading provider of independent investment research. This week we bring you a comprehensive guide to Planning for Retirement.

The problem with investing for retirement is it seems a very long way off for so many of us. The State Pension age is now 67, with average life expectancy at 80 years. Seemingly more pressing financial obligations call out to be prioritised; children’s education, family holidays, DIY. But start investing for retirement early enough and the burden is far less; put off saving into a pension and the sacrifice you must make to meet the same financial goal is much greater.

Let’s start with the podcast off with the basics, Emma Wall, Senior editor of explains what a pension is and why you should have one.

Investing well is key to building up a sizeable pension pot. If done correctly investing can also help build you buy a property or pay for your children’s education. So, can you afford not to invest?

Next up, Lets talk ISA’s. The Lifetime ISA launched last week at the beginning of the new 2017/18 tax year, offering a generous top up from the Government. But it is not the only way to get free cash from the State explains Emma Wall.

Are you looking to access your pension pot for income but are still saving for retirement? Take note; the Money Purchase Annual Allowance is changing explains Nathan long, Senior pensions analyst and Hargreaves Lansdown up next.

So you’ve decided Investing is for you and you want to get started. But how do you do it? How do you start to build and investment portfolio? Emma Wall is back to explain.

What is Pension Drawdown? Multi-asset drawdown portfolios can provide a steady income stream in retirement. How should drawdown strategies be used - and can they compliment an annuity? Daniel Needham, President and Chief Investment Officer for Morningstar Investment Management is up next to explain.

How do you de-risk a portfolio in retirement? Morningstar's Director of Personal Finance, Christine Benz offers a few options to investors looking to reduce risk but who are concerned about low-yielding expensive bonds.

How does retirement spending affect withdrawal rates? Data shows that the withdrawal rate gets higher as spending decreases in retirement, explains financial planning expert Michael Kitces in our next interview.

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