A lot of people believe that retirement is something that happens to other people! But, we are all either going to retire, or die before we get there.
What will happen to you?
The answer of course is that none of us can really be sure. So is it best to do nothing and live for today? Or, is it better to live for today and plan for tomorrow at the same time? It is possible to do both without giving up everything you enjoy at the moment.
The State Pension often gets a bad press, but actually, although it probably won't be enough on its own, the full basic state pension shouldn't be totally written off. It is after all an indexed linked income for life, payable at state retirement age, providing you've paid 30 years worth of National Insurance contributions (from April 2010). So, don't ignore it, but please don't rely on it either!
Depending on your individual circumstances you may also be entitled to an additional pension known as the State Second Pension (which used to be called SERPS).
More of this in future postings - please let me know what you think.
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