Tag Archives: growing older

Where will you retire to?

It used to be that the retirement dream was to leave the city and head for the seaside – if not the year-round sun of the south of Spain, then perhaps the clean air of the British coast.

But could it be that the emergence of the ‘Smarties’ – Senior Market Town Retirees – is set to change that?

retired-couple-in park-300These tend to be couples and singles aged 65-plus, who have chosen to move to green and pleasant market towns for their retirement . Places with a thriving community of all ages, small enough to have a ‘villagey’ feel but large enough to have all the regular amenities and social needs that they would be used to.

“Old age and retirement used to be a more homogenous group,” explained Richard Jenkings from Experian.

“In the past people would go on holiday to the seaside and then a lucky few would then retire to those same resorts. Today we still see this happening, but a rising trend is for better-off retirees to move not to the traditional sea-side resorts, but instead to pleasant, often historic, cathedral cities and quality market towns. Continue reading

Planning for your long-term financial future

The Queen turns 90 this week – happy birthday ma’am! She may be just a decade short of getting a card from, um, herself (!), but she’s clearly in no hurry to retire just yet. 

Twitter poll – what age do you plan to retire?  

It’s never easy to know how much you’ll need to have set aside for your retirement. So it can be useful to think ahead and start planning for the long-term financial future.

How much might you need?
Everyone’s circumstances are different of course, but some factors can be common. If you’ve paid off your mortgage, that would free up a large part of your outgoings. However, if you are helping to fund your children in their quest for homes/studies/weddings etc, then that can push costs right back up.

Continue reading