Why the 5 Years Before Retirement Are So Important (You’re closer than you think!)

At 56 years old and still working full-time this was just the video I needed.

Einstein once said: “half the quotes that are attributed to me online are false”

James you've no idea how much I appreciate your videos. I've learned more from your channel in 2 years than 15 years of school studying. God bless you and your family.

Very good video, I’m 53 and started watching your vids last year. I have always put a good proportion of my salary into the pension but have received some shocking returns over the past 20 years <3% pa after fees. After watching your videos I have taken control and feel like I have a plan for the next few years. I feel so strongly about how badly some pension firms rip off Joe Public. One pension I had started moving me into cash ,10% a year from my 50th birthday as well as charging me 1% in fees. Thank you for the education just wish I had heard about you earlier. Thank you again

100 % this sort of worked me the at one point putting 70% of my earnings into my pension. Just a side point my boss was not trust worthy in any shape of form and did not make my pension contributions for 3 plus mouths before folding the company yes it is being claimed back but in my experience you can not trust smaller companies to make payments to your pension on time even though they are quick with the deductions. Best to check your pension contributions very carefully. Keep up the good work James.

I really enjoy your videos James, you’re very entertaining, knowledgable and easy to watch.

You know your stuff mate! Advice that will help the everyday working man. Well done!👍

Thanks James. The scenario you gave is very similar to my own. This has been food for thought indeed.

Encouraging video James. I’m early 50s and feeling behind just as you’ve described. Thanks for showing there is a way to succeed over the next years. Encouraging!

I think the weird economic circumstances of the last 15 years are changing the life journey for a lot of people. Instead of the 50s being a time when they are free of mortgages and kids, many "millennials" have found that they were saving for a house until middle age and, consequently, didn't have kids until their late 30s or early 40s. So the late-career time of high saving potential is truncated. But, on the other hand, if they made the right sacrifices, they had a chance to build up some savings in the their 20s/30s (while their parents were busy with kids and houses). Thanks to the miracle of compounding, modest savings from those early years can pay-off big time while they are busy spending middle age on child-rearing. At least, that's how I'm hoping things work out! This could also be a reason why it's more important than ever to start saving early and consistently, even if only modestly.

Congratulations on 100k subscribers. Well deserved 👍🏻

Really useful! Would be great to see how the process of using the money works and any possible pitfalls 😊

Very helpful thanks. I'm early 50s and this has given me a bit more optimism following what's happened in 2022.

Great video James. Even better when the graph starts at my age... compounding FTW

Once again essential and useful advise, thank you for sharing this information.

Congratulations 🎉 100k never miss a video, very informative keep it up mate 👏🏻

I’m disillusioned ( and affected by) by the whole financial system… pension transfer values halved, share of funds drying up , the property rental ( retirement plan ) model obliterated and sooooooo heavily taxed at every turn…. At this point I admire the individuals that spend as they go .. as soon as everyone puts their cash into banks for the safe attractive 5% returns then the government will tax that as well .. Sorry for grumping… thanks for doing your uploads.. they are helpful and informative

I love watching your videos, as they are greatly comforting to me and good for my mental health when I stay to stress about these issues. Thank you

Congratulations on 100K! Very well deserved

This is a very relevant video with essential information for those near to retirement to turbo charge their pension and give themselves the best possible retirement pot and it is free advice ! It does however depend on individual financial circumstances, but if you can afford to do so and have a DC pension with salary sacrifice then try and ramp up your pension contributions especially if you are a higher rate taxpayer. In addition, move any monies from taxable savings or investments into a SIPP if you are very close to or over the age in which you can take your SIPP. Fortunately, i was given the above ideas when in my late 40's by a very knowledgeable work colleague who was at retirement age. Thanks to him, I retired at age 55.