After a lifetime of work, retirement means your time is finally your own to make the most of. Here are some time and money-wasting traps to avoid.
1. Falling into debt
There’s an image frequently sold to us about retirement and it involves a lot of consumption: there you are floating around the world on a luxury cruise ship, pulling into ports and shopping like a maniac so you can come home and spoil the grandkids.
Advertising is increasingly aimed at the lucrative “silver dollar”. It might be 88-year-old Jane Fonda telling you “you’re worth it!” on behalf of L’Oreal. Or it might be a retirement village striving to convince you that life in one of their priceless apartments will be like a 24-hour party at a luxury resort.