Tag: savings

No savings at 50? I’d forget gold and buy cheap UK shares to retire in comfort

Posted on / by [email protected]_84 /

The recent performance of UK shares may dissuade some investors from buying FTSE 100 and FTSE 250 stocks. However, British shares continue to offer long-term growth potential that could make a real impact on your retirement plans.



a man and a dog on a leash: Senior Couple Walking With Pet Bulldog In Countryside

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Senior Couple Walking With Pet Bulldog In Countryside

As such, now could be the right time to avoid the rising gold price and purchase a range of stocks. At age 50, you are likely to have sufficient time for them to recover after the recent stock market crash.

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Investing in UK shares at age 50

Investing money in UK shares at age 50 may seem like a risky move. After all, retirement is likely to be 15-20 years away. For individuals who have no retirement savings, or who are concerned about their retirement prospects, buying gold may seem to be a better idea than purchasing

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Retirement savings: I’d buy cheap UK shares today to beat your State Pension worries

Posted on / by [email protected]_84 /

With the State Pension age continuing to rise, building a retirement savings portfolio is likely to become increasingly important for many people.

Assets such as buy-to-let property, cash, bonds and gold may seem appealing after the recent stock market crash. However, investing money in UK shares while they’re trading at cheap prices could be a better idea.

Through building a diverse portfolio of stocks, you could enjoy a robust passive income in older age that offers financial freedom.

State Pension challenges

As well as a rising State Pension age, the amount paid to retirees is relatively disappointing. At present, it amounts to around £9,110 per year. That’s around a third of the average salary in the UK. As such, it’s unlikely to provide most people with enough money to pay all necessary bills and expenditures each month.

Furthermore, there’s a real threat the rate at which pension payments rise could

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