10. Building Bridges
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10. Building Bridges
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We talk often on the show about 'bridging', which is how you build a pot of assets to provide you with an income until you can get access to another source like a pension.
A good example is retiring before pension access - the bridge fund would then need to be big enough to pay for your outgoings until you reach the age when you can access the pension.
We also talk about bridging the gap until access defined benefit pensions, which often are only accessible later than private occupational or self-invested personal pensions (SIPPs).
When you should you start thinking about bridging? And what proportion should go in your pension compared to the bridge fund?
We also talk about what sort of assets you should have in your bridging fund and how this might change depending on the length of your bridge.
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