Retirement planning made easy
Welcome to this course on retirement planning produced by The Open University in collaboration with Legal & General.
Retirement and the options you have to use your pensions have changed radically in recent years and so understandably there is a lot to consider. The choices you make about how to ensure your money lasts in retirement are important. Spending a bit of time now will help put you on the right track.
Some of the things to think about are: What kind of lifestyle would you like to live? And how much will you have saved by the time you reach retirement? Would you like to carry on working part-time or would you prefer more leisure time and freedom? Do you need to think about later life costs or looking after other people?
There are several things to consider but being well informed and taking control of your retirement finances – rather than putting off decisions – will help you achieve your retirement dreams.
This course sets out the series of stepping-stones to a financially secure retirement and covers the key decisions you need to make – and where to get the information to make them effectively.
Most people approaching retirement can expect a state pension and maybe pensions from work. You may also have built up pension savings or other savings such as ISAs where you can choose how to use them in retirement. This course will cover the options and help you decide with confidence which are right for you.
You will learn through a mixture of reading, activities and short videos, and there’s a quiz at the end for you to check what you have learned.
The course also provides links to a number of websites to provide further information to help your studies. Make sure you open these links in a new tab or window so that you can easily return to the course.
You’ll start by looking at how much you expect to spend year-by-year when you are retired.