Don't worry I am not but you should always know what retirement income you need to live. Why? Well this should be your target you aim towards when you invest.
Now I am going to make a prediction about you and I know I will be wrong but bear with me:
You want a retirement income of £100,000 per year.
Now I am probably wrong as I hope you want more but lets just say you would be mildly pleased with this outcome. So how do you go about building it?
If you can raise £210,000 right now then you can retire. If you can raise around £21,000 per year then you can retire in 10 years.
So its up to you. You need to ask yourself 3 questions:
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Posted on: 30th Nov 2008