James Hose Jr 6 D58t6u Zt5 M Unsplash
  • Publish Date: Posted over 2 years ago
  • Author:by Christopher Talbot

Recruitment & Retirement

​Financially, what’s the best way to prepare for a healthy retirement?With great recruitment comes great success. The obvious reward is the immediate sense of gratification felt when you find a great candidate the perfect role.Beyond this, there’s the financial gain that comes with it.Recruitment is an industry that doesn’t require any particular qualification, and with great training and perseverance, anyone can reap the rewards. Successful recruiters can earn overwhelming amounts of money early on in their careers; so much so that it can be difficult knowing how to spend it.Today, we’ll explore one option that will definitely stand you in good stead for the future.Perhaps you’ve finally realised the ‘you only live once’ attitude isn’t a sustainable motto to live by, and you’ve succumbed to the idea that preparing yourself financially for later life might be for the best.But when should you start? And what’s the best way to go about it?Retirement may seem like an eternity away, but the truth is no matter what age you are it’s never too early to start planning for it. In the wise words of my grandfather… well… he couldn’t remember the exact phrase.Anyway, let’s have a look at some of the most popular ways of growing your nest egg:Saving cash in a pension scheme:Saving your money in a pension scheme is by far the most popular choice. Pensions are popular because of the level of security they offer; they are deemed to be very low risk.What’s more, any approved pension scheme usually offers some degree of tax relief.Reassuringly, and perhaps best of all, your savings are kept out of arm's-reach until after a certain age, meaning there’s no chance of blowing them on a mid-life-crisis-induced round the world boating expedition.It’s also nice to know that if you die before a certain age and you haven’t spent your savings, they can usually be passed onto loved ones in the form of a tax-free cash sum.Investing money in stocks:Investing in stocks is thought to be riskier than saving in a pension scheme. Whilst this is undoubtedly true in the short-term, stock prices tend to be less volatile in the long-term, and with the correct financial advice you can grow your nest egg substantially more through investment in stocks.Having said this, it’s certainly not unheard of for people to lose their life’s savings on the stock market.By investing in stocks you’re technically gaining a small percentage of ownership in a company. This means the better a company does, the greater your payout will be. Many serious investors like to buy cheap stocks in small startups in the hope that these companies will go on to be successful. However, this carries a greater risk. For retirement purposes it’s wiser to invest in companies with proven track records that are unlikely to go bust.Investing money in bonds:While stocks represent an ownership interest in a company, bonds are essentially fancy IOUs. Instead of being paid dividends, bondholders are paid interest on their investment.Generally, investing in bonds returns less money long-term than investing in stocks. They are, however, considered less risky during short-term periods, meaning less hair-raising moments.The key - diversifying the risks:Spreading money across different types of savings and investments is a way of building a strong retirement portfolio. By not putting all of your eggs in one basket, you reduce the risk involved.Along with an approved, personalised pension plan, investing in stocks is essential in generating enough money to allow you to live a comfortable retirement. However, Given the potential volatility of stocks, it’s essential to supplement these investments with investments in bonds. This allows you to capitalise on the long-term benefits of stocks whilst enjoying the relative stability of bonds during stock market downturns.The earlier you start putting your money to one side, the more chance you have of generating wealth in the long-term. Establishing your own personal goals is at the heart of planning successfully for retirement, so consulting financial advisors needs to be a part of that. By failing to prepare, you are preparing to fail, and that couldn’t be truer when it comes to retirement. Perhaps that’s the phrase my grandfather was struggling to recall...Anyway, if you are a Maintenance Engineer looking for a career move in Food & Drink please contact me on 0161 832 1378 or you can send me an email to Christophertalbot@coretalent.co.ukPlease note, I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here in this blog, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, stock picks, words of wisdom, expressed or implied are for entertainment purposes only and should not be construed as personal investment advice!!

Share this Article
Back

​Financially, what’s the best way to prepare for a healthy retirement?

With great recruitment comes great success. The obvious reward is the immediate sense of gratification felt when you find a great candidate the perfect role.

Beyond this, there’s the financial gain that comes with it.

Recruitment is an industry that doesn’t require any particular qualification, and with great training and perseverance, anyone can reap the rewards. Successful recruiters can earn overwhelming amounts of money early on in their careers; so much so that it can be difficult knowing how to spend it.

Today, we’ll explore one option that will definitely stand you in good stead for the future.

Perhaps you’ve finally realised the ‘you only live once’ attitude isn’t a sustainable motto to live by, and you’ve succumbed to the idea that preparing yourself financially for later life might be for the best.

But when should you start? And what’s the best way to go about it?

Retirement may seem like an eternity away, but the truth is no matter what age you are it’s never too early to start planning for it. In the wise words of my grandfather… well… he couldn’t remember the exact phrase.

Anyway, let’s have a look at some of the most popular ways of growing your nest egg:

Saving cash in a pension scheme:

  • Saving your money in a pension scheme is by far the most popular choice. Pensions are popular because of the level of security they offer; they are deemed to be very low risk.

  • What’s more, any approved pension scheme usually offers some degree of tax relief.

  • Reassuringly, and perhaps best of all, your savings are kept out of arm's-reach until after a certain age, meaning there’s no chance of blowing them on a mid-life-crisis-induced round the world boating expedition.

  • It’s also nice to know that if you die before a certain age and you haven’t spent your savings, they can usually be passed onto loved ones in the form of a tax-free cash sum.

  • Investing money in stocks:

  • Investing in stocks is thought to be riskier than saving in a pension scheme. Whilst this is undoubtedly true in the short-term, stock prices tend to be less volatile in the long-term, and with the correct financial advice you can grow your nest egg substantially more through investment in stocks.

  • Having said this, it’s certainly not unheard of for people to lose their life’s savings on the stock market.

  • By investing in stocks you’re technically gaining a small percentage of ownership in a company. This means the better a company does, the greater your payout will be. Many serious investors like to buy cheap stocks in small startups in the hope that these companies will go on to be successful. However, this carries a greater risk. For retirement purposes it’s wiser to invest in companies with proven track records that are unlikely to go bust.

Investing money in bonds:

  • While stocks represent an ownership interest in a company, bonds are essentially fancy IOUs. Instead of being paid dividends, bondholders are paid interest on their investment.

  • Generally, investing in bonds returns less money long-term than investing in stocks. They are, however, considered less risky during short-term periods, meaning less hair-raising moments.

The key - diversifying the risks:

Spreading money across different types of savings and investments is a way of building a strong retirement portfolio. By not putting all of your eggs in one basket, you reduce the risk involved.

Along with an approved, personalised pension plan, investing in stocks is essential in generating enough money to allow you to live a comfortable retirement. However, Given the potential volatility of stocks, it’s essential to supplement these investments with investments in bonds. This allows you to capitalise on the long-term benefits of stocks whilst enjoying the relative stability of bonds during stock market downturns.

The earlier you start putting your money to one side, the more chance you have of generating wealth in the long-term. Establishing your own personal goals is at the heart of planning successfully for retirement, so consulting financial advisors needs to be a part of that. By failing to prepare, you are preparing to fail, and that couldn’t be truer when it comes to retirement. Perhaps that’s the phrase my grandfather was struggling to recall...

Anyway, if you are a Maintenance Engineer looking for a career move in Food & Drink please contact me on 0161 832 1378 or you can send me an email to Christophertalbot@coretalent.co.uk

Please note, I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here in this blog, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, stock picks, words of wisdom, expressed or implied are for entertainment purposes only and should not be construed as personal investment advice!!

Latest Blogs

View All Blogs
Image 2021 04 22 T12 46 00
Executive Search & Selection Case Study

Company: International Tobacco BusinessRole: Senior VP Manufacturing PerformanceLocation: Geneva, Switzerland  They employ over 30,000 people globally, they have numerous factories, offices, fi...

#wearecoretalent
Rebecca Taylor - Consultant

​My Background:After graduating in Biology at University I decided I wanted to work in recruitment. I was offered by a few recruitment business’ in Manchester, I chose Core Talent because I like...

Core Talent consultant Our People Say
Our People Say - Jonathan Bochenski, Manager

Jonathan Bochenski, Principal ConsultantDivision: International ConstructionJoined: 2017​The commission structure is great & so is the progression. Plus, working with some of the most successfu...

Image 2021 04 22 T12 29 52
Danone Nutrica Case Study

Client: DANONE-NutriciaCore Talent Specialist TeamEngineering & ManufacturingRoleShift ManagerMarket SectorsMedical & Pharmaceutical, Consumer & White Goods divisionClient BackgroundDAN...

Core Talent Offices
Victoria Goodier - Manager

Division: ConstructionJoined 2014​I moved to Core Talent from a FTSE 250 recruiter in 2014. I saw the move as an opportunity to join a growing business with huge potential. At the that time, I focu...

London Construction Cranes
MEP Subcontractor, London Case Study

​Client​MEP SubContractor Core Talent Specialist TeamConstructionRolesRecruit 3 Permanent business critical roles in locations outside of London.​Situation/ChallengeThis MEP Subcontractor business ...

Rachael Hart Core Talent Recruitment
Rachael Hart - Consultant

​My Background:After graduating in textiles, I went on to work in Sales for a leading UK Company. After 6 months I was approached about recruitment and found out how much money you can make. Within...

Katie Alderton Core Talent Recruitment
Katie Alderton - Financial Controller

​My Background:Having studied History at University, I decided to go into a completely different direction and go into Accountancy. I started my career in one of the UK’s largest electrical dist...

Image 2021 04 22 T12 44 08
International Construction Case Study

​Client: An international construction & engineering business with operations across Europe and projects typically valued in excess of €500m​Industry: Advanced Facility Construction​Roles: Proj...

Hard Hat Image
How Your CV Can Help You Get Into a New Industry

​Getting into a new industry can be extremely hard, and may feel a bit like you keep hitting a brick wall. Companies are often looking for people who are already in the industry, or at a push a v...

Freestocks  3 Q3ts J01nc Unsplash
Fashion in Lockdown

​Flashback to the beginning of lockdown when working from home was more of a novelty.When the highlight of your day was waiting in anticipation for DPD to arrive. Waking up, getting on some sweatpa...

Mor Shani Li4dx Z0 Ky Rw Unsplash
Wellbeing at Core Talent Recruitment

When Lockdown 3.0 hit, there was a collective groan that we were once again stuck in lockdown AND worse during the darkest and most miserable time of the year.Working as an accountant, this period ...

Women (1)
Women in Business

It has been four months since my promotion to Commercial Director and I have loved every second of it. I am respected and heard by my peers and I have never ever felt my sex has differentiated me i...