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Wed, March 5, 2025
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F1's 2026 conundrum

I'm the CEO of a bank - I regret not saving more into my pension


Published on 2025-03-05 07:01:25 - MSN
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  • Andrew Montlake, foundering partner and mortgage broker, Coreco My biggest regret I have is selling my flat in Highgate [a desirable area in north London] to buy our family home in 2007. My wife was pregnant and we needed a bigger home than our one-and-a-half bedroom flat,

The article on MSN features an interview with a bank CEO who reflects on their career and financial decisions, particularly focusing on retirement savings. The CEO expresses regret over not contributing more to their pension earlier in their career, highlighting the power of compound interest and the benefits of long-term investment. They discuss how, despite a high income, the demands of the job and lifestyle inflation led to less focus on personal savings. The CEO advises younger employees to prioritize retirement savings from the start of their careers, emphasizing the importance of financial planning and the potential pitfalls of assuming one's income will always be sufficient for future needs. The piece serves as a cautionary tale about the importance of early and consistent saving for retirement, even for those in high-earning positions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/i-m-the-ceo-of-a-bank-i-regret-not-saving-more-into-my-pension/ar-AA1Ai2zl ]