2011 is a remarkable year where record numbers of the 'baby boom’ generation reach retirment age 65 throughout 2011.
The Department for Work and Pensions have advised that around 650,000 people reach the age of 65 this year. It has been suggested that this will be the largest number to reach age 65 in one single year since the records began.
There will also be a record number of men and women turning 65 next year with around 800,000 expected to turn 65 in 2012. This is an indication of the ageing population problems still to come.
Turning 65 is an important retirement age for many men and women and it is an important time to consider the many decisions that should be made around retirment and the many retirement payment options available.
If this is a time where you or someone you know will be reaching age 65 either this year or in 2012 it is an ideal time to consider your overall financial planning requirements. It is recommended you discuss these retirement options with an independent financial adviser who is in a position to review with you the many retirement payment options available to you.
This will allow you to gain an impartial view on your options and make better decisions on your retirement future.
Garry Hale
www.hkwealthmanagers.co.uk
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