E18: How to not run out of money in retirement with Mark Jones, Faith Archer and Martin Parzonka

The Pension Confident Podcast · PensionBee

June 25, 202327m 50s

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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.

Episode Breakdown:

02:32 Predicting how long you're going to live

05:39 When can you take your pension?

06:38 Annuities

07:36 Pension drawdown

16:45 Making a pension withdrawal plan

19:27 Measuring risk

22:54 Having multiple sources of retirement income

24:25 Resources to aid your pension withdrawal plan.