Quote:
Originally Posted by Neil
I agree it is terrible that they have made the retirement age for men and women equal at 66.
Women live on average 4 years longer than men so surely the retirement age for women should be 70 and that of men 66.
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Yeah, and generally men do more manual, labour intensive jobs and don't have long periods off having children. The retirement age will be 70 before long as more people live to 100.
Having said that, if you save long and hard throughout your life you could retire a lot sooner. Most people can't have an adequate standard of living on the state pension alone anyway. It's a matter of priorities and choices made, get the bigger house or the new car and foreign holidays when you are in your 40s or put the money in savings/pensions and retire at 60.