Why sorting your pensions can be important for your health?

Why sorting your pensions can be important for your health?

Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

For many of us, our health and wellbeing are essential. We do our best to exercise regularly and eat a balanced diet – but did you know that sorting your finances, specifically your pensions, can have additional health benefits.

Say goodbye to potential money worries

It’s fair to stay that people have money worries, this is certainly not uncommon. Sleepless nights about paying bills and getting out of debt can cause financial anxiety. But there are many solutions to this type of anxiety and planning and securing your financial future is one of them.

If you have not given any thought to your pensions then now is the time to do so. By reviewing your current funds it will give you a better understanding of what your finances look like.

Save for better health

There is a satisfaction from saving which will give you peace of mind that you are on your way to a comfortable future. By seeing how your pensions are performing and funds growing you will feel less stressed and be able to enjoy life more.

For the millennials, many give little consideration to their future or what they are going to do when they retire – it’s all about the here and now. Retirement is a huge life-changing moment and we need to plan for it in the right way, the earlier the better.

Start planning for your future

If you haven’t started planning for your retirement then there is no time like the present. While it might seem like a daunting task there is a lot of help and advice at hand to guide you in the right direction. By saving into a pension now the pot will have more of an opportunity to grow and thus giving you a healthy nest egg during retirement.

If you need help with your pensions then get in touch with the professional advisers at Pensionlite for a no-obligation consultation and detailed report.