Get rich slow. Invest in these 5 fast-growing funds to avoid State Pension poverty
Many people leave it too late to build pension wealth for their retirement, only to regret it later. The following five investment funds could help you build up a nest egg, to avoid gambling your future on the State Pension and triple lock.
The earlier you start investing for your future, the better, said Darius McDermott, managing director at investment platform FundCalibre.co.uk.
This can be hard when you are young and have other priorities, such as funding education and paying rent, while many have unstable jobs with flexible working and shorter contracts.
“Even if you don’t have much spare cash, saving something is better than nothing,” he said.
Investing is particularly important if you want any chance of retiring early, McDermott added. “The State Pension age is already 66 and will start climbing to 68 in five years time. It will only climb higher after that.”
These five funds could give you a decent retirement pot to fall back on.
