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Posts matching 'Retirement'

Valencia tops poll of best European Cities for Expats

Making the decision to move abroad is never easy; often, choosing where you want to move to can be one of the most overwhelming choices to make, with a host of factors and questions to consider. With such a wide array of interesting and vibrant cities across Europe, it can be difficult to know where […]

Bespoke Wealth Management – Investing in fine art or collectibles

When choosing a piece of fine art or a collectible, there are many different things to consider and assess. Initially, there is the practical side; you might contemplate whether a piece will suit your current interior design style, whether you have space for it or if it is within your budget. Undoubtedly, and perhaps more […]

UK Workers Unprepared for Retirement Compared to Europeans

With the cost of living crisis worsening in the UK, many workers are concerned about the future as well as the present as the pressure of rising interest rates and the prospect of a recession makes it increasingly difficult to put money aside for retirement.  However, when compared with the population of mainland Europe, it […]

Tax Benefits of the Non-Habitual Resident Status

Over the past few years’ Portugal has developed a reputation as the new tax haven for affluent and high net worth individuals, all of whom wish to achieve tax optimization by relocating to a friendly, discreet and safe EU country. With Portuguese residency they are able to acquire a special tax regime, with many attractive […]

Things to consider when emigrating as a retired expat

Retirement can be a time of uncertainty for many; breaking the habits formed in the working world and adjusting to a new, usually lower, form of income can take some getting used to and often results in the identification of new priorities. However, it can also be a fresh start for many, providing the opportunity […]

National Pension Tracing Day – How to reclaim your lost pensions

Whilst moving house or changing job it can be easy to forget about your pension – there are usually more pressing things to worry about. Settling into your new role or new home takes priority over informing your pension provider of your change in address or finding the documentation required to keep your pension plan […]

How much should I be saving for retirement?

Millions of employees work tirelessly for decades in the expectation of a comfortable retirement in the future. But for many UK residents retirement is an event to be feared due to lack of savings and pension. It’s important to find the balance for comfortable retirement savings.

To help you understand how much is needed, we at Blacktower Financial Management have revealed how much to save for retirement, how much you should be saving for retirement each month, and top tips that map out the best way to save for retirement.

If you plan on living out your retirement years without worrying about finances, ensuring you have sufficient retirement savings is a must.

Consolidate your Irish pension

Sunset over rocks on a beachOne of the best pieces of semi-financial advice I ever received was about buying clothes: buy good quality (obviously) and then have the garment altered to fit me specifically; sound financial and sartorial sense. Of course, this means going a little further than one might normally when buying a new outfit, but it’s a little extra that I think is more than justified in the end. Ready-to-wear clothes are great without doubt, but having something that fits you perfectly gives a continued feeling of satisfaction with every wear, it’s so worth it. There are parallels to be made in my professional life as well; it’s such a pleasure to be able to offer clients advice and products that are tailormade to their requirements and fit their circumstances perfectly.

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