Chapter 10. Summary

So there you have it, our message is clear and reiterated many times throughout the chapters – we all need to save a lot more money for retirement than we think for a number of reasons:

  • The fact that we're all going to be living longer is an undeniable trend and the massive shortfalls in state pension schemes are clearly reported in many newspapers and books, yet there has been no solution put forward by governments.

  • The longer the state pension problem is left unfixed, the more severely it will impact unprepared retirees.

  • The prospect of living off our own savings for 20–30 years without a salary or a state pension of any materiality is a rather daunting one and dire consequences await those caught by surprise, so we must be ...

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