Retirement is pictured as an idyllic time when you can finally kick back and relax after years of hard work.
Not only can you pursue your hobbies and passions, but you also have time for building strong social relationships that will provide happiness and fulfilment.
If you wish to achieve this ideal state, you must plan for your retirement.
With recent news headlines talking about inflation and economic uncertainty, it’s not unusual to feel worried that your dream retirement may be at risk.
Inflation will erode the value of your savings while an economic downturn may lead to job losses and a chance that your investments will decline in value.
To make things worse, surging interest rates are also another bugbear, causing mortgages to cost much more than they did a year ago.
If you’re wondering if you can ever retire comfortably, read on to find out.
Rubbing sandpaper over your money
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