3 top tips to consider for building a second income in retirement!
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There are plenty of ways that investors can target a second income in retirement.
Some methods may be more successful than others. There’s also no blueprint for investors to follow, as the strategies someone adopts will depend on their individual circumstances, financial goals and risk tolerance.
That said, certain ‘golden rules’ exist when it comes to saving or investing. Regardless of personal situation, they can be powerful weapons in creating long-term wealth.
1. Bypass the taxman
The first thing to consider is using a Self-Invested Personal Pension (SIPP) or Individual Savings Account (ISA) to invest. Within the ISA category, a Stocks and Shares ISA and/or Lifetime ISA…
