Pension or mortgage

Pension or mortgage

The show discusses the financial implications of paying off a mortgage early versus making additional pension contributions. The presenter argues that from a purely logical perspective, prioritising pension contributions is generally more beneficial than paying off a mortgage early, highlighting the potential tax savings and employer contributions that could accrue in a pension. However, he acknowledges that emotional factors often drive mortgage-related decisions, leading individuals to prioritise debt-free homeownership. The presenter provides a specific example of a friend who chose to pay off his mortgage early, ultimately losing out on significant pension savings and experiencing financial hardship later in life. He concludes by suggesting that seeking professional financial advice could help individuals make informed and logical financial decisions.

Our v-presenters made this podcast basd on the original Time2Retire video at https://youtu.be/rIvloTvRlhQ?si=SmuhaLGZWQ8lUnfC

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Episoder(102)

Retirement Isn't About Money—It's About This - Retirement Planning UK

Retirement Isn't About Money—It's About This - Retirement Planning UK

Download the Companion Notes to The Retirement Course https://ko-fi.com/s/0cba536c01 Direct links to each part of the course are shown below: 01 Your Retirement Vision - https://youtu.be/0fpNLnnIMJQ ...

17 Aug 7min

Should Wealthy Pensioners Give Their State Pension Back?

Should Wealthy Pensioners Give Their State Pension Back?

Full video. ​https://youtu.be/NUmiEuxujlUDo you need to claim the UK State Pension? Many people believe their National Insurance contributions act like a private savings pot, but the reality of the UK...

17 Jul 8min

Finding Retirement Redemption on the Streets of Liverpool

Finding Retirement Redemption on the Streets of Liverpool

Full video at https://youtu.be/EGm0i3hnSlACan you lose your identity when you stop working? In this video, I visit Liverpool to share the cautionary and inspiring story of "Mark," a corporate professi...

14 Jul 15min

Why Your Retirement Plan Might Be Wrong

Why Your Retirement Plan Might Be Wrong

This podcast explores the often-overlooked emotional and social challenges of transitioning into retirement. Through the story of Andy, learn why solitary projects and DIY goals can sometimes lead to ...

12 Jul 13min

I Judge Retirees

I Judge Retirees

Are you managing your retirement funds correctly, or are you sleepwalking into a trap? If I met you in the pub and we started talking pensions, within 2 minutes I could put you into one of three categ...

7 Jul 10min

7 Signs that you are ready to retire

7 Signs that you are ready to retire

If you awoke tomorrow morning and discovered you did not have to work another day in your life, how would you feel? Would you feel a sense of relief, or would you feel anxious and without purpose?Your...

16 Jun 8min

I ruined my podcast

I ruined my podcast

I have made a right mess of this channel, it is not turned out the way I had planned.Watch at https://youtu.be/xxGZ3q7gm9k

6 Jun 11min

Is your retirement on track

Is your retirement on track

Original video https://youtu.be/uDAs-qGqTnIEarn Less to Save More.We’ll break down how dropping your taxable footprint moves the 40% tax trap to a 20% during your retirement years, how salary sacrific...

29 Mai 11min

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