Making sure you’re prepared for when you stop working doesn’t have to be a chore and you’re not on your own! There are people just like you out there and we’re sharing their stories so you can benefit from their experiences.

Meet 64 year old Brian…

What type of retirement are you hoping for Brian?

With so many decisions to make around retirement I have had to think long and hard about what I want to do. Luckily my health is good, I’m 64 and the time feels right to give up work and spend more time with the family and looking after our first grandchild who is growing up fast. After all, life is for living.

How do you plan to access your pension savings – a cash lump sum, a guaranteed income for life, or as a series of cash withdrawals?

I might even delay taking my State Pension straight away, so that I can benefit from the increase later on.

Whilst guaranteed incomes have had their fair share of bad press, I want to secure an income for life, so we have enough to pay our monthly bills. I know there are various options around the type of income for life I can buy, so I’ll do my research and choose carefully because I won’t be able to change it later on. I will definitely shop around for quotes from a number of providers too and go this route. I have worked hard all my life and don’t want to go into retirement worrying about money. With my wife thinking along these lines too, we should be able to enjoy a reasonable lifestyle.

Will you also rely on the State Pension to help with your living costs?

No, I’m hoping to save some of my State Pension for a rainy day or a holiday so that we can enjoy the retirement we always dreamed of! I might even delay taking my State Pension straight away, so that I can benefit from the increase later on.

Me2 has a library of information, short videos and tools to help you with your savings and retirement planning – find out more.