How to boost your retirement savings in your 40s and 50s

When you reach your 40s or 50s, retirement begins to loom larger. Many will want to juice their retirement savings but may find it hard given the enormous ‘sandwich’ of financial responsibilities they face between increasingly elderly parents and kids facing adulthood and a mountain of financial challenges of their own.

I offer 8 tips for getting around this and boosting your retirement savings.

This video is sponsored Witan Investment Trust – a brand with extraordinary heritage having begun its life in 1909. Today, it manages around £1.7 billion for approximately 20,000 investors. Its distinctive multi-manager global equity approach involves selecting the best international fund managers who pick stocks from a wide array of sectors and stock markets around the world.

Don’t forget, investing involves risk, which means the value of your investment can go down as well as up, and you may get back less than you put in. For more, check out their website here: www.witan.com

Timestamps:

0:00 Who this is for

0:38 The financial difficulties we face in our 40s and 50s

2:05 Tip 1 – Plough more into retirement savings

3:12 Tip 2 – Divert previous payments

3:35 Tip 3 – Profit from work pensions

4:12 Tip 4 – Juice your port with lump sums

5:00 Tip 5 – Conquer your cashflow demons!

6:04 Tip 6 – Track down lost pensions

6:25 Tip 7 – Review your investment choices

7:20 Tip 8 – Don’t forget the state pension!

For much more visit Steps to Investing >

DISCLAIMER: I am not a financial adviser and none of the content on this channel should be construed as financial advice. If you are unsure about making an investment, please consult a qualified financial adviser.