Financial Planning

Retirement no longer serves up connotations of aimless afternoons drinking tea and playing bingo. Instead – as explored in Parts 1 and 2 – increased life expectancy now offers a longevity opportunity: the chance to return to neglected passions and enjoy your later years while earning income in the process. However, just like with bingo, the numbers need to be right. A sturdy financial plan is paramount to maximising a fulfilling encore career.

Many of us put our dreams and hobbies on the backburner for all kinds of understandable reasons – a job that will pay the mortgage or put the kids through college, to carry on the family business or to pay off debt, for example. For those who love what they do, an encore career offers them the chance to keep on going, albeit at a slower pace. For others, maybe the career you chose when you were 20 was the wrong one, or maybe after 30 years you simply want to try something else.