How to retire financially free

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State Pension is peanuts

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The State Pension is peanuts. Here are 3 easy ways to boost your retirement income The State Pension – the income that’s paid to people in retirement by the UK government – is a worryingly low amount of money. Currently, it’s just £200 per week, and that’s if you qualify for the full amount. Many people don’t . Equity income funds An equity income fund is a particular type of investment fund that predominantly focuses on generating regular income payments for investors, along with a little bit of capital growth as well. Often offering yields of around 4% or so, equity income funds are extremely popular with UK retirees. Exchange-traded funds Alternatively, you could also consider exchange-traded funds (ETFs). These aim to track a stock market index, such as the FTSE 100, and can also be an effective way of generating a second income stream Dividend stocks Finally, a third option to consider is constructing your own portfolio of dividend stocks. These are stocks...
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mindset for success

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