Welcome to our lifestyle section. This has nothing to do with money and everything to do with how to get the most out of your retirement.
Looking after elderly parents and young grandchildren: One of the implications of living longer is that there’s now a strong chance that one or both of your parents will be alive when you retire. What’s more, you may have grandchildren being brought up in homes where both parents work.
Most people need to tighten their belt during retirement but, by careful management, money can go a lot further than you may have imagined. This is not meant to be a complete list of all the discounts and concessions you may be entitled to, but it should alert you to the number of opportunities there are to save money.
‘Retired husband syndrome’ is one of the most common causes of divorce in Japan. Japanese ‘salarymen’ often spend significant amounts of time away from their home and spouse. When retirement comes it can be quite a shock to the spouse who has been leading a relatively independent lifestyle for many years.
A little time spent now, can help you make the right financial decisions as you approach retirement. In this blog we’ll explain exactly what benefits you’re entitled to from the State, explore how to make the most of your pension savings and how to organise any other savings you have to reduce the tax you pay in retirement. We’ll also look at ways you can generate an income from your home.
If any of this sounds difficult, don’t worry. With the help of case studies and practical examples, we’ll make it as simple as we can.