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State pension 'is not enough' – Britons urged to do more to plan for retirement

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During an exclusive interview with Express.co.uk he said: “State pension is not for you, that can’t be your retirement plan. Living off state pension each month is not enough, it’s a very small amount.

Mr Asuquo continued: “State pension is almost a bonus if it’s even still there.

“Especially for the younger generation now, if state pension is still around, it could exist in a different form.

“Personal pensions are definitely something to think about.

“For example, the lifetime ISA can be used to save towards retirement.”

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When it comes to retirement every person has different goals.

To be able to comfortably retire everyone should be able to think about how much they have, and what they need to do to get to where they want to be.

Mr Asuquo discussed with Express what he felt was most important when thinking about retirement.

He said: “Something I tell all my clients is what’s that number that you think about that if you made that each month you could retire comfortably.

Planning for retirement and knowing exactly how much you need can be a big weight off anyone’s shoulders.

To really enjoy retirement, there has to be a clear goal to work towards.

Mr Asuquo added: “If you get to retirement and you have paid off your mortgage and your costs are very much low then you can start to really enjoy your retirement.”

Some final advice he gave was that: “We have to get to a place where we can delay our gratification now.

“So many people only think about living for now and living in the moment.

“We need to delay some gratification now, so we can enjoy in the future.”