The longer version: a Happy New Year to you all, especially to those who are looking to retire in 2009 and looking for the best pension option for their retirement income.
Over the festive period you’ve hopefully had the chance to look into some of the various plans on offer to you as you head towards retirement. Maybe you have no real alternative but to opt for a pension annuity contract with the best annuity rates for your circumstances. Maybe you have a larger pension fund which opens up other alternatives, such as income drawdown or phased drawdown.
It could be the case that you really don’t wish to spend your depleted pension fund on an annuity, thus effectively realising your loss. There are some alternatives, some good ones, and, as the year progresses, I am sure we will see more innovations in the annuity market.
So, as we enter 2009, take stock of your situation, analyse carefully your retirement options, take advice, and look forward to a healthy, wealthy, and enjoyable retirement.