Many of today’s over-60s are living life in a way that has a lot more in common with 20-somethings, despite four decades of age gap.

Whether it’s being part of a circle of close friends, catching up on social media or even online dating, they’re enjoying life to the full in a way that previous generations would hardly have dared to dream of.

Why has there been such a seismic change in how the over 60s live? We’re all living longer and healthier lives and hitting our 60s means many of us have 20 years or more of freedom when we don’t need or want to work any longer. We like to feel good, look good and enjoy ourselves. We also have the financial clout – the power of the grey pound has never been stronger or better catered for – and there’s growing recognition that life in your 60s and beyond can be just as fulfilling as it was in your earlier decades.

With the daily routine behind us, over 60s are free to do the things we’ve always wanted. Following in Michael Palin’s footsteps and trotting across the globe, becoming a social butterfly, getting fit or taking up voluntary work are what we really want to do when we’re in our 60s. There might just be time to fit in a hobby or two but sitting around and relaxing just isn’t something that floats our boat.

Of course, this much fun doesn’t come cheap and having enough money to last through your 60s and beyond is one way of making the most of your life. Cruising round the Mediterranean or taking a once in a lifetime trip to the Andes isn’t something you can do if you’re relying on the State Pension to see you through.

The good news is many of us have done our planning, saved hard for our retirement and are able to reap the benefits so that we can live the life we want. And with recent pension reforms allowing people to access their pensions from the age of 55, planning your finances has never been so important.

If you need help with planning your finances as you head into retirement, get in touch with us.

No individual investment advice is given, nor intended to be given in this article and liability will be accepted in respect of any action you may take as a result of reading this article. If you are unsure you are urged to take independent investment advice.