The Retirement Newsletter: What will be your type of retirement?

Issue Number: -126 — looking at different lifestyles in retirement

Photo by S Migaj on Unsplash

Welcome

In this week’s newsletter, I will start looking at the different levels of retirement we want or can expect.

I will also tell you about a chat I had with a friend who has recently retired. I wanted to find out how things were going and if he had any words of wisdom for me.

Planning

In the last newsletter (Money — how much do I need to retire?) I introduced the idea of three potential levels of retirement:

• Essential — what is the minimum amount of money you need to survive? To live? To get by? Not the most comfortable way to be retired, but at least you can be retired and have some freedom, albeit limited by money
• Moderate — a comfortable retirement. A retirement where you are not overly limited by money. A retirement where you can travel and do things you want to do.
• Luxury — a retirement where money isn’t a serious concern. You can’t go mad, but you can afford some very nice holidays and have a very comfortable lifestyle.

But what do I mean by these?