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Daily Record
Daily Record
Lifestyle
Linda Howard

Pensions expert shares seven things to consider before retiring during cost of living crisis this year

The early weeks of the new year present the perfect opportunity for making positive changes for the months ahead, whether that’s getting healthier, improving your finances, or finding a better balance between home and work. The ongoing cost of living crisis is making it more challenging than ever for every household and for those considering retirement this year, it can be quite daunting.

WEALTH at work, a leading financial wellbeing and retirement specialist, helps those in the workplace to improve their financial future. It warns that the cost of living crisis is one of the biggest things to consider before taking retirement this year.

If rising energy prices, soaring inflation and a general increase of everyday costs is going to put pressure on your finances, then it may be wise to delay leaving the workplace until you know how much more you need to save to enjoy later-life living, without worrying about money.

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