February 11, 2016

Balancing Life, Work and Money

Work-life balance. It’s something everyone seeks, but achieving it can seem an impossible task. Not only does the ideal balance vary from person to person, it can change frequently throughout life. If your wheel of life has developed a wobble, it might be time to do some repairs to regain stability for the journey ahead. What’s the problem? The source of your imbalance may be clear. Too many hours in the office; too long spent commuting; or maybe you need to support elderly parents or to care for young children. Sometimes it’s more subtle – the desire to unleash your […]
December 10, 2015

Counting the cost of ‘grey’ divorce

One of the saddest personal finance stories of the year is a recent piece in The New York Times about the growth of what the author calls “silver or grey divorces”. These divorces involve couples who have been married or in a de facto relationship for 30 years or so who make a decision to separate when close to their retirement or in early retirement. The article quotes statistics from the National Centre for Family and Marriage Research in Ohio stating that people aged over 50 were twice as likely to divorce in 2014 than in 1990. And the increase was […]
December 10, 2015

‘Unretiring’ retirees

It could be called ‘unretiring’ if there were such a word. This is the practice of retirees making a decision to return to work. Financial needs, medical advances and greater longevity are among the most obvious reasons why some retirees decide to try to make a comeback to the paid workforce. Another reason is that a retirement lifestyle may not prove as satisfying as perhaps envisaged. In the depths of the Global Financial Crisis (GFC), such publications as Money Magazine in the US and Forbes magazine published articles about retirees returning to the workforce mainly to rebuild their then diminished nest eggs. And long […]