When I'm Seventy-Four

The idea that 65 is the de facto age for retirement became well-established and the concept of taking early retirement began to take off in the early eighties. But, as a result of the recent financial downturn, the adviser community has had to warn many clients that they should not expect to be simply "doing the garden" before they enter their sixth decade. A survey just before Christmas conducted by Life Trust of over 2,000 people in the UK, found that nearly a quarter of Brits (23%) feel they can no longer afford to retire at the time they had planned. As many as one in eight (12%) adu...