32: Retirement Planning Mistakes to Avoid at 55

Are you approaching retirement age and wondering if you're truly ready, financially and psychologically? In this episode of Retire Well, Matthew and Joe dive deep into retirement planning for those around age 55, sharing real-life stories, expert insights, and common mistakes to avoid. ✅ Learn about: The psychological vs. financial readiness for retirement Defined benefit vs. flexible pensions The Money Purchase Annual Allowance (MPAA) explained Why accessing your pension at 55 might not be possible How the state pension age and protected pension ages affect your plans Tips on avoiding costly pension consolidation errors Whether you're planning to retire early or just want to make smarter financial decisions, this episode is packed with actionable advice and retirement planning strategies. 📬 Got questions? Drop them in the comments or email us at ⁠retirewell@wealthofadvice.co.uk⁠ for a chance to be featured in future episodes! -- TALK TO US Call us: 0191 384 1008 Email us: retirewell@wealthofadvice.co.uk Website: www.wealthofadvice.co.uk -- SUBSCRIBE TO OUR NEWSLETTER https://www.wealthofadvice.co.uk/news... --- Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.