Living costs don’t stand still.

OK, technically not a question – but a key point all the same. Thanks to inflation and the rising cost of living, your expenses are likely to look steeper in a few decades’ time. As a rough guide, factor in a 3% rise in your living costs year-on-year.

And remember, if your retirement savings are growing at a slower rate than inflation, then your money’s buying power is shrinking not growing.

There’s never a better time than the present to turn thinking into action. By getting your plans into shape now, you can start preparing for the kind of golden years you want to look forward to.