Seven ages of retirement planning

Research provides insight into the different ages at which people move from one financial phase to another. The division of human life into a series of ages appears to have been a common theme among writers and philosophers through the ages. Indeed, the idea is famously explored in a monologue from Shakespeare’s As You Like It, which compares the world to a stage and catalogues the seven stages of a man's life. Whilst society has advanced somewhat since those words were first put to paper, a similar division can be used to look at the milestones at which people today start to move from one financial ‘age’ to the other. The insurer Aviva asked over-50s who had been proactive in saving for retirement to recall when they started doing so1.  From this it constructed the seven ages of retirement planning (see table below). Starting out Just over a quarter of those questioned said...
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