My partner, Chris, is a marine electrical engineer and because his business is located here on the coast of Anglesey (an island off North Wales), he is often asked to equip or re-equip boats that are about to undertake long sea voyages.
This week he starts work on a yacht that is about to cross the Atlantic and which will be crewed by six retired friends. The owner of the boat told Chris that the Atlantic crossing was a long-held dream that he couldn't hope to act upon until he and his wife had retired, but they had been planning the trip for years and now that they were finally free, they wanted to get the trip underway as soon as possible, before they start to feel that they're getting too old to make it.
Unfortunately, unlike this couple, most people spend more time planning their annual two-week holiday than they do planning the non-financial aspects of their retirement and consequently, many retired people report that they ‘wasted’ the first 18 months to 2 years of their retirement – ironically, the time when they were at their ‘youngest’ (and fittest!).