Part 7/10:
For those in their 40s and 50s, the landscape becomes more daunting. Many might find themselves unable to meet the recommended retirement savings due to missed opportunities with past pension schemes. Notably, individuals in this age bracket have the chance to catch up by leveraging higher income, thus positioning themselves better for retirement.
As retirement approaches, individuals must focus on maximizing contributions and understanding their pension's performance to ensure long-term financial security.