I’m usually asked by those about to retire ‘how much can I get from my pension?’ My answer nowadays is ‘how much do you need?’, as pension freedoms mean you can draw down as you wish. We need to make sure you don’t run out of money; but the opposite, it seems, is the case. Far from blowing it all, many are far more careful than they need to be. In reality, most of us won’t end up with expensive care home bills, will try a cruise once and realise they’re ghastly (that’s probably just me) and spend more on Gardeners World than fast living. So the message is, live a little while you can. When you can. Which is not now, of course.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
