Should we save or spend?
How much money will we need for a comfortable retirement? Ive just turned 60 and a couple of years ago I would now have my state pension. But with changes to the state retirement age I wont now receive it till Im 66.
If I had stayed working for a large organisation and got my index linked pension after 40 years service Id probably have left at 60. Id have received a good pension and would have moved into a traditional retirement with time for hobbies, friends and volunteering.