If you’re like us and want to retire young, then listening to the mainstream media drone on about paying into your pension will be to the detriment of your life goals.
In previous episodes we’ve talked about the magical £500,000 investment pot that should be able to pay you 20 grand every year until you kick the bucket.
However, if you had listened to conventional financial advisors you would have no access to this money if you retired young, as you thought the sensible approach was to save it into a pension.
You could even be a pension millionaire and still be living on the breadline as the money is locked away out of reach until old age!
Does this mean that pensions are completely useless for retiring young? We think in the right circumstances they can be very useful. But how much should you use them?
And what is the main alternative retirement savings vehicle? That’s what we’re talking about in this video. Let’s check it out: