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What will your retirement look like?
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Investment is a key part of building up your pension savings, but it’s just as important when you’re starting to think about taking your money.
Investing is a key part of building up your pension savings, especially as you approach your retirement age. It’s important as you approach your retirement and, depending on which option you choose for taking your money, may be important in retirement too.
There’s always risk associated with investing, so as you get closer to taking your pension savings, keeping a regular eye on your investments is key. That way, you can make changes when you need to.
Investing is all about trying to make the most of your savings and balancing the risk of investments going down with the potential reward of your investments doing well.
In some ways, as you approach retirement, the stakes are higher. So, taking some time to revisit your attitude towards risk and potential rewards can help you adapt your investment strategy and make good decisions for the future.
If you’re not sure where to start with investment, the MoneyHelper has some helpful tips and tools to help you here.
There’s no right or wrong approach to investment risk – it’s all about personal choice, how much you have saved and the outcome you want at retirement.