How to be a Goonie (and rescue your pot of treasure)

What would you do if your family’s hopes and dreams were about to be bulldozed?

This is the reality facing the Goonies in Spielberg’s classic film. And what a response from the gang!

In a little over 90 minutes they evade treacherous booby traps, battle murderous villains and even set free a pirate ghost ship, before sticking it to the man and saving their small town from destruction.

Yet, when it comes to being the hero the Goonies had a huge advantage. The threat they faced was obvious and imminent: do something now or tomorrow will be changed forever.

This is the kind of stark choice that gets the adrenalin pumping. Unlike the potential threat facing you, which is a lot less obvious or imminent.

It’s a threat that stalks your far-off future. The kind of distance in time that can play havoc with even the sharpest of danger detectors.

And worst of all, this threat can seem so dull and shapeless that it’s almost impossible to see. Until it’s too late.

Meet the villain that could be bulldozing your happy ever after, right now

Are you ready for the big revelation? Drum roll, please…

It’s your pension.

After all that build up, you might be feeling let down by the big revelation. You won’t be the only one because the word ‘pension’ is so uninspiring. It’s the epitome of bland and most of us are led to believe that a pension is a pension: there is very little to choose between one scheme or another.

So, if you are already paying into a pension it’s easy to fall into the trap of not giving it another thought until you need to use it. Somewhere in your far-off future. Right?

The problem is, pensions can vary wildly and many of them are greedy, lazy and feckless.

Don’t get me wrong. It’s great that you are already paying into a pension and if it’s working as hard as it should be then you can put it to the back of your mind. But what if it’s not?

What if you are being charged too much in fees?

What if your pension is performing poorly?

And what if your provider doesn’t have your best interests at heart?

The simple fact is: a greedy, lazy or feckless pension could end up losing you thousands of pounds.

For example, if your annual pension charges are just one percent higher than the next best scheme out there, you could lose at least £25,000 over the next 20 years1. Perhaps a lot more.

What difference could this sort of money mean for you and your family in the future?

The good news is, it’s not too late to be the hero and tackle this potential villain head on. And it takes just a few minutes to get the ball rolling, from the comfort of your favourite chair.

Be a pension Goonie!

Being a pension Goonie means seizing the day and taking control.

All you need to do is ask a regulated financial adviser to check your pension for you.

If it’s doing fine, then you will have peace of mind.

Or, if it’s being greedy, lazy, feckless - or all three - then you can choose to switch your savings to a better scheme.

The right financial adviser will do all the hard work for you. And they won’t charge you a penny to check your pot and send you a report, including a recommendation for your pension if there is a better option out there for you and how much it would cost to follow this recommendation.

 


Get the ball rolling: request your free pension information pack today

Pension Information GuideTo get an idea of the type of pension you have download Your guide to personal pensions. This simple overview covers the basic features of the most common types of pension and looks at why you might think about switching to a modern private pension scheme – including having more flexibility around what happens to your pension when you die.

 


Get a pat on the back from your future self

The world is changing fast and a lot of that change is beyond our control. That’s why it’s so important to be on top of the things we can control. Like our pensions.

Your pension is a pot of treasure. And whatever hopes and dreams you have for you and your family, more money in your pot will give you a better chance of making those hopes and dreams come true.

Don’t leave your fate in the hands of One Eyed Willy. Be a Goonie and take control today.

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Important Information

1Based on an original sum of £50,000 growing at 6% per year before charges of 0.5% and 1.5% are applied.

The details provided in this article are for general information only and are in no way deemed to be financial advice. All of the material is correct as of the publication date, but could be out-of-date by the time you read the article. For our latest information and news, please see our articles section: https://www.portafina.co.uk/whats-new

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