Why people retire poor: Parkinson’s Law

Most people retire poor, or at least they don’t fulfil their dreams. That seems to be the consensus of statisticians and academic studies. In the UK, nearly 2 million pensioners are defined as being in poverty, according to Age UK. That means living on less than 60% of the UK’s average income. Many more don’tContinue reading “Why people retire poor: Parkinson’s Law”

Don’t let pension rules dictate your future lifestyle

This morning, I asked my 10-year-old son what a pension is. He said, “It’s a bunch of money you get, when you get old”. Not a bad explanation, I thought, so I asked him what “old” meant, and he said, “about 70 or 60”. Again, a pretty good answer in the context of pensions. I’veContinue reading “Don’t let pension rules dictate your future lifestyle”