It’s not too late to start investing after 50
As you start to think about stepping into retirement, your money decisions feel more important than ever. The choices you make in your 50s can help shape the lifestyle you want in later life. And a little planning now can go a long way to building confidence for the future.
If you have Defined Contribution (DC) pension savings with Citi, your pension savings are invested on your behalf. These investments are designed to help your money grow, but it’s always worth checking in to make sure they still match your plans and your comfort with risk.
That’s why taking a few minutes to review your investments today could make all the difference tomorrow, as you prepare for that next step into retirement.
Why investing still matters
Your pension savings may need to support you for decades to come. That’s why even in your 50s, keeping an eye on how your money’s invested is important, because it’s not too late to make changes that could have a real impact on the lifestyle you’ll enjoy in retirement.
The key is finding the right balance for enough growth potential to support your future income, but not so much risk that you’re uncomfortable with the ups and downs.
What to think about
- Your lifestyle goals: What does a comfortable retirement look like for you?
- Your timeframe: Think about how much growth you want to see with your investments if you’re planning to retire in just a few years.
- Your income sources: Your Citi Pension, other workplace pensions, savings, the State Pension and other investments will all contribute to your bigger financial picture.
- Your investment style: Think about how much risk you’re comfortable with and how your money is spread across different types of investments. Diversifying can help smooth the ups and downs.
- Reviewing regularly: Markets change, and so do your plans. Checking in on your pension often makes things simpler
Log in to MyCitiPension and see how your investments are doi