Pensions – Part 2

It's the Time Of Your Life

Pensions – Part 2

Retirement, the Third Age, entering the 3rd Act or whatever you might call it has changed dramatically over the last few decades such that we can now expect to live far longer than those born a hundred years ago. Among men, life expectancy at birth increased from 50 in 1910 to 80 or so a century later, so if we assume that the 1st Act – Birth and formal education has remained essentially the same and the 2nd Act of ‘the BIG job(s)’ ends traditionally in the sixth decade but possibly much, much earlier, we might well live with purpose for another score beyond the 3 score and ten! This 3rd Act/age and its duration are determined in part by luck but also having hopefully looked after ourselves in the previous decades. We, that is those beyond the mid-point of our life…

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