Older And Wiser

The Age UK logo

The Age UK logo (Photo credit: Wikipedia)

 

Without a great fanfare Dame Joan Bakewell has celebrated her 80th birthday.  She has been a mainstay of the brodcast world since the 1960s and shows no sign of taking it easy now.   It is a long way from the BBC’sThat Was The Week That Was‘ programme with David Frost, to Sky Arts 2013 portraiture competition, capturing the essence of Hilary Mantel.  The Guardian newspaper has a modest editorial on that subject, which I found interesting.

http://www.guardian.co.uk/commentisfree/2013/apr/16/in-praise-joan-bakewell-editorialI was thinking of the impact of people living longer and enjoying good health when I came across some research from Age UK, the chariy for older people, concerning ‘Improving Later Life’.   Apparently one of the key issues for those in their mid to late 80s is continuing to have social interaction, to counter the trend to loneliness and isolation which might other wise set in.

Both of these points are important.  Remaining active and engaged with the world, whilst combatting isolation, help individuals sustain their health, well-being and confidence.  There is also a tremendous opportunity for self-discovery as there is more time in which people can indulge in some life long learning and further spiritual growth.  That’s a win for older people, their families and the community at large.

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.