The Simple Formula That Can Tell You When You're Ready To Retire

In the UK, the state pension age is increasing, and the amount needed for retirement has also gone up. Financial advisor Chris Kampitsis suggests using the “rule of 25” to determine retirement readiness by multiplying annual living expenses by 25. If you are far from reaching this goal, consider saving more, working part-time in retirement, or exploring other income options like annuities.

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