How to not run out of money in retirement: Pension Confident Podcast E18

Watch episode 18 of The Pension Confident Podcast: Mark Jones, Faith Archer and Martin Parzonka discuss how to not run out of money in retirement. Listen here: https://open.spotify.com/episode/0MIA... and read the full transcript here: https://www.pensionbee.com/uk/blog/20... Listen to previous episodes here: https://www.pensionbee.com/uk/podcast * We’ve spoken in much depth about preparing for retirement on The Pension Confident Podcast, but we’ll all eventually get to a stage where we find it’s time to start taking that money out of our pension pots, rather than putting in. After decades of working and saving into your pension, you’ll be looking forward to the day when it’s finally time to retire and you can start spending your pension cash. But, you might not be sure what the smartest way to withdraw your money is. Furthermore, you might be fearful of it running out. To take us through all the withdrawal options and discuss how we can make our money last in retirement are our expert guests: Product Director at Legal & General Retail; Mark Jones Financial Journalist and Founder of Much More With Less; Faith Archer PensionBee’s Head of Product; Martin Parzonka. Useful links: Pension drawdown - https://www.pensionbee.com/uk/drawdown Pension annuity - https://www.pensionbee.com/uk/annuity Pension drawdown calculator - https://www.pensionbee.com/uk/drawdow... State Pension age calculator - https://www.pensionbee.com/uk/state-p... Inflation calculator - https://www.pensionbee.com/uk/inflati... Drawdown explained -    • Retirement planning   How to withdraw money from a pension fund - https://www.pensionbee.com/uk/pension... Should I take a lump sum from my pension? - https://www.pensionbee.com/uk/pension... Pension decumulation - https://www.pensionbee.com/uk/blog/20... Why have annuity purchases been increasing? - https://www.pensionbee.com/uk/blog/20... What happens in a Pension Wise appointment? - https://www.pensionbee.com/uk/blog/20... Other useful resources: Pension Wise - https://www.moneyhelper.org.uk/en/pen... Retirement planning course (Legal & General) - https://www.legalandgeneral.com/retir... Life expectancy calculator (ONS) - https://www.ons.gov.uk/peoplepopulati... Death clock - https://www.death-clock.org/ Investment pathways (FCA) - https://www.fca.org.uk/news/press-rel... FIRE movement (Investopedia) - https://www.investopedia.com/terms/f/... Senior railcard - https://www.senior-railcard.co.uk/?gc... Older person’s bus pass (gov.uk) - https://www.gov.uk/apply-for-elderly-... * Please like, share and subscribe if you like what we're doing! Share your thoughts in the comments box below. PensionBee makes it easy to stay on top of your pension and take back control of your personal finances. Check out our plans and learn more about what we do at: https://www.pensionbee.com/uk (capital at risk) Read our blog for money saving tips, pensions info, and more: https://www.pensionbee.com/uk/blog Or visit Pensions Explained: https://www.pensionbee.com/uk/pension... * Editing: On The Ark