The Money Gains Podcast Financial Adviser Reveals: How To Avoid Being Broke In Retirement (Lisa Conway-Hughes)
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Jun 25, 2025 In this discussion, financial advisor Lisa Conway-Hughes shares her insights on effective retirement planning. She explains the shocking truth about average pension pots and introduces the 25 times rule to determine desired savings. Listeners learn the importance of auditing pension fees and considering part-time work in their 50s and 60s. Lisa emphasizes balancing current enjoyment with future financial security and provides accessible investing strategies for all. Her passion for personalized financial advice promises to empower listeners to take control of their retirement.
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Use 25x Rule for Retirement Savings
- Use the 25x rule to estimate your retirement savings target by multiplying your desired retired annual spending by 25.
- Adjust for inflation and keep the calculation as a motivational starting point, not a fixed figure.
Why 25x Multiplication Works
- Calculating retirement needs based on a 4% withdrawal rate implies saving 25 times your annual spending.
- Some experts suggest more conservative factors, but 25x is a practical starting point for planning.
Plan Early for Care Costs
- Consider and plan for end-of-life care costs early, as care home expenses can be very high.
- Decide if you prefer downsizing or receiving care at home to better estimate retirement needs.