Saving For Retirement Should It Be Property Or A Pension?

Filed Under Finance

Saving for our retirement seems like one of those tasks “to do tomorrow”. Many people think that the value of their houses will keep on going up so when the day comes to retire, you just sell your house, downsize and then live in style off the proceeds.

All the recent turmoil in the housing and stock markets is painting a different picture about the future of investing for the long term in property. It might not actually be as good a way of saving for your retirement as you think.

A conventional pension, may be a safer option, or, in my opinion,realising equity from equity and having a good pension plan is preferable. Having eggs in more than one basket generally pays off when it comes to long term saving strategies.

At MoneyHighStreet.com we were fortunate that property expert Sofie Allsop and pensions specialist Paul Goodwin made this video in which they discuss the merits of property versus pension for retirement income.