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'How can we maintain our lifestyle in retirement?'

The article from The Telegraph discusses various strategies for achieving a comfortable retirement income. It emphasizes the importance of setting a clear retirement goal, considering factors like desired lifestyle, inflation, and potential healthcare costs. Key points include the need to start saving early to benefit from compound interest, diversifying investments across different asset classes like stocks, bonds, and property to manage risk, and considering annuities for a guaranteed income stream. The article also highlights the role of pensions, particularly the benefits of contributing to a workplace pension for tax relief and employer contributions. It advises on the potential of drawdown schemes which allow flexibility in how much income to take from investments, and stresses the importance of regularly reviewing and adjusting one's investment strategy as circumstances change. Lastly, it touches on the psychological aspect of retirement planning, suggesting that one should also plan for meaningful activities to ensure a fulfilling retirement.

Read the Full The Daily Telegraph Article at [ https://www.telegraph.co.uk/money/investing/ways-to-invest/retirement-income-goal/ ]