The other day, I took a deep breath and sat down with a financial adviser to talk pensions.
It was painful, of course. I’m not paying in nearly as much as I should. My rosy future of leisurely lunches interspersed with the odd round of golf looks very far off indeed. But on a second look, it gets worse.
My pension projections are based on assumptions about growth in financial markets. And that’s the problem, for me. Assumptions about growth. My pension pot, I’m told, should grow between 2% and 8% a year.
I just don’t believe that. When you » Continue Reading.