Is investing in properties a good replacement for having a pension fund?
In the UK, retirement at 66 with a life expectancy of 78.8 for men and 82.7 for women highlights the importance of early retirement planning. Pension funds may fall short due to living costs, prompting consideration of property portfolios. House Manage offers guidance on building such portfolios as an alternative to traditional pensions. UK pension statistics reveal a retirement period of 20-30 years, recommending saving at least 10 times one's annual salary. With a median savings gender gap, only 65% have workplace pensions. Property investment, aided by a property management company like House Manage, can supplement or replace pensions, offering a potentially lucrative retirement strategy.
