I am lucky in that I have a defined benefit work pension (I know they are a rarity these days, so think myself lucky). I pay contributions and my employer pays a higher amount.
All good, apart from the fact that I could have retired at my scheme pension age and received my pension, but instead continued to work a few more years to achieve a higher pension.
I thought because I had unpaid maternity leave and worked part-time in my career I needed to work longer to boost my reckonable years and pension amount.
But I now think that in some cases a bird in the hand is better than one in the bush.
Am I the only one that didn't understand the pension choices and carried on working full time when I didn't need to?
Pensions of all kinds should be on the curriculum in high schools and colleges along with other courses about finances to help people stay out of debt and plan for their future better.