Putting the Retirement Puzzle Together. Do you know where all of the pieces of your Retirement Plan are?
A recent estimate by an industry expert suggested that there is over €10BN in ‘dormant pension pots’ in Ireland today. A lot of this is down to people moving jobs more regularly for family or career reasons and leaving the pension pot that they have built up with that employer behind them. You wouldn’t leave a savings pot sitting in a bank account, post office or credit union account and not be aware of how much is there, what return you are getting and when you can access it, so why do it with something as important as your Retirement Fund. These days people move jobs a lot more often than their parents ever did. Many clients that we meet have multiple pensions of various sizes from previous employments and are not aware of how they are invested, how they are performing or how they can be monitored or accessed. There is also the worry of putting all of these together at retirement and ensuring that you have not forgotten one or two pieces of the puzzle.