by Trevor Goodbun
Many years ago on Sunday afternoons I used to sneak next door and watch the Big Match in Uncle Jack’s house (they had a colour telly we didn’t!). Back then matches seemed to be played on energy sapping muddy pitches followed by a short period of extra time.
In many ways this reflected retirement, you worked hard of your life, had a bit of extra time and then faced the final whistle. However times have changed and more often than not retirement means a second half played in perfect conditions, followed by extra time and followed more often than not by penalties.
In other words retirement will tend not be single event but a series of changes in lifestyle, the second half will represent the early years of retirement, when hopefully you will be fit and healthy, may still be working, pursuing hobbies or carrying out some form of voluntary work.
Extra time represents the middle years, when the probability is you will still be reasonably healthy but beginning to slow down and not want to do as much as you once did.
Penalties align to the latter stages of our life when we have slowed down even further and may need help in some form or other.
All this means that when considering your finances in retirement you should look at the whole game rather than just the kick off.
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