Need Ways to Fund Your Retirement? Here Are the Answers

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Retirement is seen by many to be a perfect, idyllic state. After all those decades of hard work, possibly in a job that you weren’t all that in love with anyway, you’re finally being given leave to just sit at home. No more job. No more stress. Just the freedom to sit at home and finally read all those books that you never found the time to read. Or maybe travel the world, visit all those places you’ve seen on postcards but had never been to yourself. The sweet life has finally arrived! Right?

You’ve probably guessed by now that retirement isn’t quite so idyllic for everyone. In fact, retirement can become a time of increased stress and financial worry when it finally comes. The leading reason for this is that the retiree doesn’t feel that they are prepared enough to stop working. This usually boils down to financial matters – the worry that you simply don’t have as much retirement money as you thought you did.

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Here are some ways you can help raise some more funds for your retirement.

Additional State Pension

This one will only apply to people who are already in retirement. If you reached retirement age before the 6 April 2016, then you could be eligible for an increased state pension income from the government. For men, you also have to have been born on or after 6 April 1951. For women, it’s the same date, but from 1953.

The Additional State Pension should be paid automatically along with the regular State Pension. But if you’re worried that you’re not seeing enough as you feel you should be, then you should chase this issue up. Try contacting the government Pension Service directly.

Equity release

Releasing equity is fast becoming a very popular way for people to fund their retirement. What equity release does is get you cash from your most valuable asset – your home. It can be frustrating knowing that you own something that can get you money, but also knowing that in order to get that money you’d have to sell and move out. Or, at least, that’s what you may think.

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But if you’re in the age range of 55-60 or over, then you could be eligible for equity release. A company will give you a lump sum, or regular smaller sums, from a loan taken out on your home value. There’s a bit more to it than that, and there are interest rates to pay, but it could be the solution for you!


Investing has always been a famed way of earning cash. That is, of course, if you can find the right return on investment. This requires a bit of market know-how, but it could pay off in pretty big ways if you play your cards right. Investing before retirement is the best way to go about it. This is so you can get used to the world of investing, as well as build up a portfolio and possibly some profit for when the time comes. But if you’re already retired, is it too to start investing? Not at all. The world of investing can seem pretty daunting, but you just need to be smart about it.

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So what will you invest in? Most will simply go with stocks. But you may want to diversify your portfolio with other investments. There’s wine to consider. Even art could be a smart choice. Gold is another popular one, though many will warn against it. Whatever you choose, make sure to begin small. Only use money you can consider superfluous. And make sure you read up investing techniques as much as you can!


This is less a way to get cash and more a way to save cash. Still, many would call that the same thing! The fact is that that you could be sitting on several things costing you more money than you need to be spending. Make a thorough list of the things you own, starting, of course, with your house. Find out how much you’re paying every month and to what institutions.

Once you have all this information, start making decisions. Could you do with a smaller property? If you don’t need all that space, then you could save a bunch of money by moving into a smaller place. And if you find that you need all that space to hold your belongings, then ask yourself how many of those belongings you really need. It’s all a case of being honest with yourself about what can be considered a luxury. You could surprise yourself with how much money comes from selling things you don’t need!

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