FUTURE-PROOF YOUR FINANCES

However you want to spend your retirement, having a financial plan in place for the next stage of life is vital. Not sure where to start? We asked an expert to break it down

Retirement planning can feel daunting to many of us. More than half (56%) of women over 50 feel they haven’t saved enough to fund their retirement – and a third (34%) don’t even know the value of their pension pot – according to research by Legal & General. But if you want to live well in your retirement, creating a realistic financial plan is one of the most important and empowering things you can do.

“If you break the process down into simpler tasks, it can feel more manageable,” says Emma Byron, Managing Director of Retirement Solutions at Legal & General. Here, she shares some of the key elements to consider, so you can start taking control of your financial future.

Why is it important to start thinking about retirement plans now?

“The more honest you are about money, the more financial freedom you’ll give yourself and, in return, you’ll achieve the retirement you want,” says Emma. “Legal & General’s podcast series Rewirement is