Even on a small pension pot you can still find retirement happiness if you follow these investing and life strategies. Manage your happiness and well-being rather than your bank balance.
How to get the most from your £100k pension pot, what options are available to you? Should you use the pension to augment your state pension or fund expenses for a few years before the state pension is available?
I also look at other ways to improve your finances. This includes downsizing your house, equity release from your home and buying an annuity. Construct a budget to see where you money is going.
You can re-invent yourself in later life and find what truly brings you fulfillment. This could be through volunteering or learning new skills. A hobby or passion you already have could be monetized to give you some extra spending power in retirement.
Let me know what you think in the comments.
Contact me for more inspiration
www.ianshadrack.com
Chapters
00:00 Introduction - how to be happy in retirement with a £100k pension pot
00:48 Redefine retirement around following a passion
01:44 A flexible mindset and resourcefulness are your most important assets
02:48 A pension is the best way to save in later life
03:09 Inspirational books
04:21 Training volunteering and employment options
05:39 Sorting out your finances
07:05 Construct a budget and focus your money on what brings you happiness
08:24 Options to boost your finances in retirement
09:50 Best ways to access your pension pot
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