Retirement planning: Mum, 44, explains how she plans to retire at 51 | Personal finance | Finance


On the Rewirement podcast, Angellica Bell spoke to Gwen, a mom in her 40s, about when she considered retiring. Gwen, 44, wanted to speak with Angellica because she wanted to know if it would be possible for her to retire at 51.

She was in the army for seven years and now works at the supermarket as a cashier. She’s been doing it for 11 years now.

Gwen explained that she is surrounded by people of a certain age who made her think about her future and what could happen.

She wants to be able to retire at 51.

She added: ‘Not comfortably retired but dreams of letting go for a bit.

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Gwen continued: “I’m surrounded by people of a certain age, so when they hit 63 they thought they could retire at 64 and then it just goes on and on.

“I don’t want to be in a situation where the goal post keeps moving.

“I want to take the decision away from them and tell them it’s my plan and work with it.”

Jeremeny Howe’s financial adviser explained to Gwen what the biggest problem is when it comes to early retirement.


After her husband was involved in a motorcycle accident, she knew she had to organize herself because he was the breadwinner.

She was determined to make sure she would be okay if anything happened to her.

Gwen added: “I saved like crazy and paid off the mortgage.

“We have a slush fund in case something goes wrong, like the boiler, the roof and things like that.

“But obviously I feel like we need something more. They take the money away from me for five or 10 years and then I can access it and it’s almost like a goal.

“But I would probably delve into it if it was left to my own wishes.”

Jeremy explained that he often had them. People are going to save for a new car, but the holidays are coming, or they want a new car and the money is gone.

He recommended that she consider a long-term stock and equity ISA to potentially see high returns and act as a strict regular savings device that she cannot touch.

The ISA limit is currently £20,000 a year and when people draw on these funds they are also tax free. However, the downside of an ISA is that people will need to take on a certain level of risk before investing in it.

Rewiring of Legal and General is available weekly starting Thursday, June 23 on all podcast providers.

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