Some recent research (BlackRock Investor Pulse research) found a high level of Baby Boomers (aged 55 to 74) intended to withdraw their pension funds and invest elsewhere.
9% of those surveyed wanted to invest elsewhere to generate income.
8% will put their money into cash savings and some 28% were undecided what to do with their pension pot.
Before taking any action at all Baby Boomers should first buy a copy of How to Take Your Pension Pot – A Practical Guide to Your Retirement Options.
Armed with the 40 questions contained in the book and a couple of useful road maps and at a mere £1.99 on Kindle and £5.99 as a paperback, this tiny investment will save them from making some costly and potentially irretrievable financial errors.
