Growing older should be a time for sitting back after a lifetime of work and enjoying the fruits of your labours, without having to worry about whether those fruits will ripen to their full glory or wither and die on the branch. However, the increase in life expectancy coupled with pension and investment problems has tended to result in some rather unfortunate changes.
Currently the official retirement age is 65, but many retire before this leaving work at 60 is normal for many, and even earlier retirement than this is not uncommon. This means that many can look forward to 25 or 30 years of being worry free masters of their own destiny, especially if during their years of gainful employment they have made adequate provision for their old age, particularly in the form of life insurance or cover for critical illness.
Not all however are in that fortunate category, and the misery of a long period of trying to exist on the miniscule government pension with no relief in sight, is better imagined than experienced. However the avowed intention of raising the retirement age to 68, whilst unfortunately pushing the prospect of retirement into an indeterminate future, could...
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