Provided by There are ways to review your finances in retirement, including managing debt and exploring options to support a comfortable lifestyle. Having unwanted debt is a prospect no one wants to face when planning for retirement, but it could happen to anyone. Homeowners may continue to pay off mortgages and support their family later in life. Some do not have a company or private pension to top up their state pension, and for some, state pension may not be enough to cover essential living costs. Retirement Living Standards, developed by Pensions UK, describe a minimum standard of living in retirement that focuses on covering essential day to day costs, with limited flexibility for non essential spending. According to the 2025 Retirement Living Standards, a single person needs around £13,400 a year to meet this minimum level. Regular outgoings might make it difficult to save for the long term, and many people could end up with less money than they had hoped for in retirement.…