Eight Points That the Recent Economic Crisis (Should Have) Shown Us

Early in the day this year and shortly before I surrendered my Financial Services Authority permission to supply economic advice I achieved Bruce and Theresa, my extended standing customers of some thirty years. The meeting was arranged to express farewell and to close our qualified (but perhaps not social) relationship, and to finalise their options for his or her retirement.

The meeting lasted for a lot of the day, and while their finances were on the agenda and were handled, a lot of the meeting revolved about how these were going to call home in pension, what they may and should do, how they were going to steadfastly keep up household ties, conclusions about their knowledge first financial reviews and nearly all areas of living in retirement.

We also included their relationship with income, dealing in particular with how to alter their working life attitude of preserving and prudence to choosing the courage to spend their time and income on making probably the most of these lives in retirement. While I surely could display mathematically that their money and assets were a lot more than ample allowing them to live a satisfied living in retirement, we had to cope with some serious emotional blocks to spending, particularly worries that they would come to an end of money.