How to reach your life goals

You’re never too old or too young for a pension

Taking action, no matter what age you are, may have a big impact on your retirement.

Couple sitting at a table looking at a laptop

Put your pension on your to-do list

Our ideas about retirement have changed dramatically. In the past, pensioners were thought of in a more traditional way. Now, they do yoga and have a travel bucket list to work through. Or that’s the aim anyway.

People are living longer, healthier lives and want to be able to enjoy decades of active retirement.

But that’s a long time to fund.

But I’m too old, I’ve left it too late

If your retirement dreams are taking a sharp reality check when you look at what’s in your pension, the important thing is to act.

It’s never too late to make lifestyle changes and start investing more for future, retired you. What changes could you make now to try and fund a better retirement?

  • Tracking down old pensions you’ve paid into and getting advice on how to make them work harder could be a good idea.
  • Paying off debt, your mortgage, or downsizing could all be helpful.
  • What about semi-retirement? The new way to enjoy more free time and have enough income.

I’m too young to think about it

When you’re in your 20s and 30s, you may believe that retirement is something you’ll think about when you’re older, especially if you have student debt to repay, a home deposit to save up for and many other expenses.

But saving towards retirement now can have a huge impact.

  • If you start early, you’re giving your investments more time to grow.
  • There are often tax advantages to saving into a pension.
  • Your employer might pay into your pension.

Not having a pension now might mean turning down ‘free’ money that could make life more comfortable when you’re ready to take up yoga and start planning that bucket list. Whatever stage you’re at, making a plan and taking good advice now may put you on track for the retirement you’re hoping for.

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 08 May 2024. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results. 

Date of first use: 1 July 2024

Doc ID: 3578109

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