The latest episode of the This is Money Podcast asks what it would actually take to retire early, as hosts Georgie Frost, Lee Boyce and Simon Lambert examine the sums behind the dream of quitting work ahead of schedule.
The trio discuss how much someone would need to invest now, depending on their age and target retirement date, to make early retirement realistic. They also weigh up what savers gain and what they give up by prioritising early retirement, and explain why it can be vitally important to use an Isa alongside a pension when planning for it.
Inflation warnings and the cost of living
The episode also tackles the cost of living, which the hosts say is hampering many people's efforts to save, at a time when inflation warnings are becoming more frequent. They discuss how severe these predictions are, how likely they are to come true, what they could mean for household finances more broadly, and how the price of a weekly shop factors into the picture.
Renters' Rights Act and a landlord register
Frost, Boyce and Lambert turn next to the Renters' Rights Act, which is due to introduce a landlord register. They debate whether the register is a welcome step for tenants and landlords or simply adds more red tape to the rental sector.
An accidental trading card collector
The podcast closes on a lighter note, with a look at trading cards, which the hosts say are attracting attention and commanding significant sums of money. Boyce explains how he ended up becoming what the episode describes as an accidental trading card collector.
An Isa, or Individual Savings Account, is a tax-free savings and investment wrapper widely used by UK savers alongside pensions. This is Money is a personal finance and investing website published as part of the Daily Mail Group.
