What’s Next?

Choosing a Slice of Life (c) R Dennison October 2013

Choosing a Slice of Life (c) R Dennison October 2013

Would it be great to be 25 years old again?  What if you could view the rest of your life as you did then, with every possibility still open to you?

Life would be the most delicious treat, a cake perhaps from which you have only taken one slice.  You could then make positive changes whose impact would be felt over the next 50, or 60 years.  The rest of your life could be incredibly memorable.

A query in the Guardian Work blog explores the territory of later life choices, from the vantage point of someone at the age of 55.  He is trying to find his occupational passion to improve the final part of his working life.

It makes sense to ask ‘what do I want to do now’, since the latest Office for National Statistics figures show a man of 55 can expect to live for another 12 years.  Life expectancy for women is slightly longer.

The question is, if you have the choice, what should you do with the remaining 20 per cent of your life?

You can see the below the line comments if you click the link below.  My views are shown there (I’m Roger AD) and you can see them on Twitter too (where I am RogerD_said)

http://www.theguardian.com/money/work-blog/2013/sep/23/job-inspires-passion

Time Is On Their Side (Yes It Is)

English: Trade ad for 1965 Rolling Stones' Nor...

English: Trade ad for 1965 Rolling Stones’ North American tour. (Photo credit: Wikipedia)

When they started to work together 50 years ago I doubt the Rolling Stones knew how successful they would be decades later.

Their goal was to play the music they loved, in front of people who appreciated it.  That plan seems to have worked out quite well.

Now, according to BBC Business coverage of their sellout O2 concerts, their most recent tour – A Bigger Bang – earned £348 m. Which sounds like a decent contribution to their retirement fund.

http://www.bbc.co.uk/news/business-20499742

Not that they look ready to put their feet up.

All of which contrasts to recent research, about life planning, published by the National Association of Pension Funds.

http://www.bbc.co.uk/news/business-20543308

NAPF believes many over 50s are sleepwalking into their old age. Essentially they are not putting enough by for their non-working years. Risky given increasing life expectancy.  Making ends meet in years to come calls for effort now.

Perhaps a good first step  would be to visit the Money Advice Service website www.moneyadviceservice.org.uk and see what information it contains, to help with long-term planning.

A reasonable second step would be to find a supportive coach, set a financial goal, and work steadily towards it.

Most of us won’t be multi-millionaires in our 50s and 60s but, I believe, many of us could be more secure financially: starting now with a bit of time devoted to planning our future.