Retirement Planning For Baby Boomers
The Grey Pound is big business in the UK economy. The over-50s
represent 80 percent of the country's wealth - worth almost £280
billion. And as more of us live longer it's a market that is growing.
Big equity companies like the sectors that attracted older shoppers -
such as garden centres - because they are better-insulated against
depression. Their customers tended to be mortgage- free and
benefiting from a stable income based on traditional, cast-iron
So it’s down to you to make sure you are getting your share of this
As your retirement date looms ever closer it's wise to consider just
how much income you will have for your future needs. With any luck
you will be mortgage-free and probably debt-free too! So an income
below your average pay packet could still be enough to live on.
The state pension currently pays a maximum of just over £100 a
week, but what you actually get depends on the number of years