When it comes to retirement, I have previously written and spoken about there being three different stages for most people. If you haven’t already read it then head to the blog entitled ‘The different stages of Retirement’ to learn more.
To recap on what I mean by the ‘Go-Go Years’ – I am referring to the period from which people go from working full-time within their career to no longer working and then spending a further period until typically around age 75.
This is hopefully the period having made good financial choices in life where people have the largest amount of capital resources and potentially income available, along with the time to be able to use it.
I am a big advocate for this period being the time for peak expenditure and use of income and capital and some of you may have had conversations with me encouraging you to do just that.
That is with good reason. Having worked hard to accumulate the income streams and capital that can now be enjoyed with hopefully health and time to be able to enjoy it, why wouldn’t you want to maximise your experiences in life.
Having worked with people in retirement for more than a decade I have been fortunate to see those experiencing great times during their ‘go-go years’ and the positive impact it has had on their life.
Unfortunately, I have also seen those not make best use of it and then have personal issues such as health preventing them from doing so later in life, often with small tinges of regret. Don’t be that person!
Being mindful of not going too far can be a risk that is hard to overcome for some, but that is where purposeful planning which is reviewed regularly is essential.
If you want some ideas about what others do during their ‘go-go years’ or where you might look for some inspiration, get in contact.
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