In this week's podcast, I talk about how much income will €1 million generate in retirement.
Planning for retirement in Ireland involves making important decisions about how to generate reliable income from your pension savings (assuming you use pensions as part of your strategy!).
We're going to take the case of our illustrative friend, Harry Houdini, who managed to escape from high-strain corporate role at the ripe young age of 55!
Key points:
- Buying an Annuity to generate income
- Using an Approved Retirement Fund (ARF) instead
- Pension drawdown considerations
- How much income will a €1 million pension pot generate?
- How do you make it last?
I hope it helps!
Informed Decisions Independent Financial Planning & Money Podcast