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State Pension age rises! Boost your financial future with the stock market

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. State Pension age rises! Boost your financial future with the stock market Simply click below to discover how you can take advantage of this. If you’d like help to prepare to top up your State Pension by investing in a SIPP, let the Motley Fool help you get started… A rising State Pension age has been in the works for some time, and today it officially hit 66. Depending on when you were born, this number will continue rising to 67 and then 68 years of age. Those qualifying for their State Pension at 66 were born between 6 October 1954 and 5 April 1960.A dwindling State PensionThe amount qualifying citizens receive today is £175.20 a week, which works out at around £9,110 per year. This is lower than what most minimum wage recipients earn and far from enough for the average person to comfortably live on. That’s why topping up your State Pension with additional income streams is vital to a happy and relaxed future.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Battling to get by on a meagre income is not only difficult, but it’s bad for your health. The struggle to afford basic amenities can cause undue stress, leading to depression and health problems. You don’t want to be poor and miserable in your retirement years if you might avoid it. Thankfully, there’s a way for those with the means and it starts with the stock market. By investing regularly, you can achieve a much better standard of living later in life.Regular investingInvesting in the financial markets is one way to build up a significant sum to your State Pension and enhance your twilight years. It’s a quick and easy process to set up a Self-Invested Personal Pension (SIPP) from which you can buy a wide range of investments. These include index funds, exchange-traded funds (ETFs), investment trusts, company stocks or corporate and government bonds.If you know little about investing and would rather take a passive approach, you can commit to regularly investing in a simple tracker fund. There are many funds to choose from and the simplest follow the trajectory of an entire financial index, such as the FTSE 100 or FTSE 250. This can provide an excellent introduction to stock market investing and is easy to understand. Although the financial indexes have seen extreme volatility this year, historically they have risen over longer periods.There’s a very clear risk-reward ratio when it comes to investing in equities. This means the riskier the investment, the higher the chance of a reward (a big return on your initial sum). However, when it’s your future financial stability we’re talking about, safer is always better. That’s why a fund is safer than individual shares for beginners.To buy individual shares, you really need to be confident in what you’re buying, before risking your hard-earned cash in speculative companies for the thrill. Don’t let this put you off, though. If you’ve the time and interest in learning how to invest for profit, equity investing can be a very enjoyable and lucrative journey. Be preparedThe coronavirus pandemic has highlighted the range of health issues present in society, even among the young and healthy. Underlying health issues can arise at any time, and could have a detrimental effect on your ability to work, possibly forcing you to retire early. I think it’s very likely that if you’re under 40, you will be looking at a State Pension age of 70-plus. This illustrates why it’s more important than ever to prepare for your financial future as soon as you possibly can. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Kirsteen Mackay | Tuesday, 6th October, 2020 See all posts by Kirsteen Mackay Image source: Getty Images Enter Your Email Address Click here to claim your free copy of this special investing report now! 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