What’s been around will come around?

We don’t save enough.  State pensions aren’t enough to live comfortably on.  So what can I look forward to, as a thirty-something?

Here’s what I think.

Why are we so desperate to retire early?  I don’t think we’re designed to rest for a third of our lifetimes, and our life expectancy continues to get longer.  Even our “active” lives are getting longer, that is, before too many bits of us stop working entirely.

So, again, why are we so desperate to retire younger?

Is it because we work too hard?  We work really hard when we’re young, trying to get together tons of money so that we can stop working just before we get old.  It doesn’t make sense really.

I think it makes more sense to accept that we’ll have to work into our seventies (then maybe our eighties and nineties), but spread out the effort as well.  What might that mean, in practice?

Working moderately, perhaps saving less because we’re not fixed on saving it all for a life in the sun.  Like our grandparents did?

Does it sound a bit dull?  Doesn’t that depend on what we choose to do while we’re not working?

That makes sense to me, but maybe I’m just an idealist with my own business, so I can say “no” without fear of losing my job.  I enjoy what I do, so the thought of having to keep doing it doesn’t bother me too much.

The real problem may be that there aren’t enough jobs to keep us all busy.  But that’s another post, surely?

If you agree, or even if you disagree, tell me what you think?

Here's a little more information about our team:

Q: Qualifications Include

A: My degree in modern languages included a module on economics and personal finance, and that's how I got into financial planning.

Since then, I've become dual qualified as both a Certified Financial Planner and a Chartered Financial Planner, including the specialist qualifications in Tax & Trusts (G10) and Pensions (AF3/G60).

The full list is:

AF3 - Pensions (CII) (I did that to totally update my pension knowledge, as I had done G60 in 1994.)
K10 - Retirement Options (CII)
K20 - Pensions Investment Options (CII)
G20 - Personal Investment Planning (CII)
Chartered Financial Planner (CII)
ER1 - Equity Release (CII)
HR1 - Home Reversion Plans (CII)
G10 - Taxation and Trusts (CII)
CFP - Certified Financial Planner Licence (IFP)
H15 - Supervision and Sales (CII) 

In November 2016 I added the STEP (Society of Trust and Estate Practicioners) Certificate for Financial Services.

Q: Do your clients have anything in common with each other?

A: They are all lovely and there are a few similarities in their aims that I've noticed. 

Many of my clients want to do more than just meet their own needs. They also see themselves as custodians of their money for the next generation or for other beneficiaries. 

In other cases, their aim is to manage their wealth efficiently during their lifetime, with the aim of spending it all… but minimising tax on the way there.

Q: What type of work do you enjoy most?

A: I do get a real sense of satisfaction from the work with those clients who engage me to manage the needs of two generations of the same time. That can be 'just' a long-term and balanced investment strategy or it can be trust planning and estate planning to avoid paying too much Inheritance Tax.

Q: Where would you be right now if you weren't at work?

A: In the Lakes

Q: In the film of your life, who would play you?

A: In my head, it's Uma Thurman, but I expect they would approach 'Nursey' from Blackadder II.

Q: Curry or Hot Pot?

A: Agh, too difficult. Curry.

Q: Sherbert or Chocolate?

A: Chocolate

Q: Lawn or Flowers?

A: Lawn

Q: What are you most likely to do whilst being 'on hold'?

A: Infuriate my colleagues by opening conversations then cutting off their reply when my call is answered.