You have decided to make a career change or take a redundancy offer but can’t help but ask, ‘what happens to my pension benefits?'.

When leaving your job, apart from the small matter of securing your financial future, what to do with your pension benefits is one of the most important things you need to consider. This can be especially so if you and your employer have been diligently contributing to your pension scheme for many years!

Key Points:

• Beware 'Advisors' that tell you to move it, without due analysis to ensure it is best for you
• You will have 3 main options for your pension benefits when leaving employment
• You are entitled to an option statement after leaving, it's important to know what it means
• If it is a good idea to combine multiple older pensions into one scheme

One of the biggest questions for people who are transitioning from full-time employment is ‘how does spending change in retirement?’. It is a difficult question to answer, but there is a lot of research out there, which points to some key takeaways.

• Retirees can expect to spend less on food and clothing
• You can expect to spend less on transportation in retirement
• Expect healthcare costs to increase
• Many retirees plan to spend more on gifting
• More favourable tax rules apply to retirees
• Expect your overall spending to remain broadly in line with current spending

I hope it helps.

Thanks

In this week’s episode, I chat with Dan Cooper, CEO of ROC Investments, about investing in the character of CEOs of large cap companies.

• What return on character as an ETF means
• How this ETF came about and how it is implemented
• How ROC Investments are trying to deliver returns in excess of the benchmark for investors in their ETF
• How they are trying to drive positive change within corporations
• The long-term goals of this EFT

I hope you find the conversation interesting and helpful.

Thanks

ROC Investments

Book Recommendations:

Shantaram

Return on Character