Would you LOVE to take better care of your finances?

Sign up for the Self Care For Your Biz Finances Retreat. It's completely free.

Join over 300 women like you who said yes.

How To Save For Retirement

Learn how to save for retirement

Saving for retirement. Pensions. Getting older.

It’s a subject that can include a lot of boring talk in words meant to feel confusing.

And what’s with all the acronyms? We might as well open a tin of alphabet spaghetti.

Add in fear of our own mortality and it’s not surprising it’s most often avoided or a permanent feature of the to do list without actually getting done.

I’m not allowed to share suggestions with you as that counts as financial advice (which I don’t do) so instead let’s talk about the bit that comes before the actual numbers and what money you put where.

The emotional blocks about saving for retirement:

  • The top 3 emotional blocks about saving for retirement
  • How to save for retirement
  • My top 5 accountability tips


Top 3 Emotional Blocks About Saving For Retirement


1. It’s all about the money and you don’t have the spare cash


Saving for retirement is 80% emotional blocks and 20% about money (actual fact, possibly).

You may think it’s about money but actually it isn’t, whether you have a high income or a lower income.

If it was only about money, every adult would have a pension (or several), and they don’t.

If you don’t believe me, ask yourself, do you have a pension?

Why not if you don’t?

How much do you know about it or them if you do?

Do you know the numbers, understand the policy, understand how it’s invested and whether all of those answers are in alignment with your values and preferred choices?

You can have a pension with only a small amount of money a month and I’m talking takeaway pizza investment level rather than a top end Kate Spade bag investment level.

(Extra Rosie tip: it can help to use different numbers you feel more familiar with. Instead of £15, it’s PIL (pizza investment level). Instead of a few hundred, it’s KSBIL (Kate Spade bag investment level, or KIL for short).

It’s not about the money.


2. Saving for retirement means adulting


You can’t get much more adulting than regularly putting money into a pension or other kind of saving for retirement.

It’s basically admitting you’re going to get old and die.

On the other hand, what better way to role model female financial leadership than to take responsibility for saving for your later years of life?

I was journalling yesterday who my female role models are and a few names you might not expect are on my list. My virtual assistant for her calm unflappable energy. My coach for her groundedness. A make up artist friend for her ability to adjust and adapt.

Whether you’re single, with someone, don’t have children, have children, have a business, don’t have a business; we all are a role model for someone even if we don’t know it.

That’s a good reason in itself for stepping up and caring for your finances in later years.


3. What’s the point? I’m *insert age here* and I can’t catch up


There is always a point to saving for retirement.

You can go down the rabbit hole of house-prices-no-final-salary-pensions-insecure-employment-low-wages etc etc.

Or you can make a choice to start where you’re at and take the action you are able to take.

A lot of the advice out there is aimed at another generation or with built in assumptions that no longer exist (my personal opinion, this isn’t financial advice etc).

None of us know what is going to change in the future.

Social media has totally changed how we do things and how the world works and I remember back in 2007 how practically everyone hadn’t heard of it or thought it was pointless (they said that about writing and the telephone too).

It happened with the internet and the railways and the invention of the wheel and cooking.

Take a few minutes to feed your inner drama llama about how shit it all is and then take some time to write 3 actions that you can take in the next 30 days – and then do it!

(If you need support, let’s talk. Book a call to explore how I can help or contact me).

Which takes us to the action steps you can take.


How To Save For Retirement


These are some ways you can start to save for retirement or prepare to start to save for retirement.

Choose one from the list and do that. Celebrate. Repeat.

If you need support, let’s talk.


The Money Haven Retirement Action List


  • Talk about it with your friends, business friends and mastermind. One of the biggest problems is that money and retirement isn’t talked about
  • Know what you have already and understand it
  • Release guilt and shame about wherever you’re at
  • Make an action plan (even better, do it with the support and accountability of someone you trust like me, your coach, friend or mastermind)
  • Consider what YOU need, not what standard advice assumes you’ll need. What will fit for you and what life you want to lead?
  • Learn what’s out there. It’s not about whether it fits, it’s about learning about the subject and feeling increasingly confident
  • Write a jargon list and have fun with it, eg. SIPP (self invested personal pension) could be a photo of you SIPPing from a glass of champagne when you retire
  • What amount can you contribute every week/month/year that’s easy. Eg. (the value of) A takeaway pizza a week/month or (the value of) a Kate Spade bag a week/month
  • If you have a limited company or are considering one, understand how pensions work as a way of paying yourself
  • Get organised. Put all your paperwork into their proper places and if you don’t have proper places yet, create them
  • Make it fun – it’s your spending money for when you’re older
  • Play the Prosperity Game the retirement income way. Instead of spending on ‘stuff’, spend it on income for retirement in as many ways as you can think of. I like to start with £100 every other day and increase the amount by £100 each time (I do a more in depth version with my clients)
  • Create a vision board for the life you want once you’ve stopped working
  • Did I mention action plan? Creating a plan is pointing yourself in the direction you want to take even if it takes you a while to start walking.

Which takes me to accountability.


Rosie’s Top 5 Retirement Accountability Tips


Accountability is important or it’s easy to let it slide yet again.

Underneath you’ll know you aren’t taking the steps you need to and that’s not a nice feeling and it takes energy from you.

Much better to have an action plan and gentle accountability so you move forward at a pace that’s gentle and comfortable for you without stress.

  1. Reminders – put reminders in your calendar for actions you want to take and at key dates like change of the tax year (tax breaks)
  2. Ask for accountability. Share your next action in public or get an accountability buddy or one to one professional support (I can help or ask your accountant, a friend or business coach)
  3. Put visual reminders of what you’re wanting somewhere you can see them: like that photo of you SIPPing champagne with a post it on your next action stuck to it




The Money Haven Resources:

Getting Paid: Saving For Tax & Your Future (blog post)

Getting Paid As A Limited Company (blog post)

Self Care For Your Biz Finances Retreat (free)


Are You Saving For Retirement?

Share with me on FacebookInstagram or contact me.

I’d love to hear from you.


How I Can Help

If you are looking for a safe space and the support you need to create an action plan and get the accountability you need to save for retirement, book a chat or email me.

Book a chat (it’s free)

We’ll talk about what you need and how I can help.

Looking forward to hearing from you,

Rosie x

PS. Have you joined me for the free Self Care For Your Biz Finances Retreat?




Start your business, help you do your sole trader tax return, expenses, explaining limited companies.

What do you need?

To get started,  book a free introductory chat.

Book my intro chat