Retirement Tips for Single Women – More #SWO

by | Jun 22, 2015

Perhaps you have your retirement properly planned out, or maybe you’re more like me and take an “on the hoof” approach to life and retirement. It's not always easy to find retirement tips for single women.

[Tweet "As a single woman in their 50s or 60s, retirement may fill you with anxiety "]  You might worry that you lack somebody else’s support to fall back on. It can feel especially tough if you’ve never been able to squirrel away cash every month during your younger decades.

Retirement 2


So, I went on a hunt for some #SWO  retirements tips for woman, especially those who are older and single. [Tweet "Younger woman take note – the retirement issue creeps up and shouts “Boo!” if you don’t keep an eye on it."]

 Stan’s Plan Retirement Tips

Octogenarian Stan Hinden, the author of "How to Retire Happy" and something of a retirement expert, claims that [Tweet "there are three reasons to retire and another three not to."]


Here’s Stan’s three reasons to retire:

  • The time is right
  • You have more compelling things to do
  • Your job is changing


And here are Stan’s three reasons not to retire:

  • Your work is your life
  • You would miss your work colleagues
  • You want to stay in the loop of your profession


How you respond to these will tell you exactly where you are with regard to retirement.

Then there are finances to consider!


I can’t afford retirement!

A 2015 report published in The Telegraph estimates that we each need at least £14,000 per year for retirement. Oh dear, I thought! I quickly hopped over to this  U.K. State pension calculator and discovered that I will need to work until I’m 68 before I can claim the  U.K. State pension. Frankly, I’m grateful to be getting any, given that I haven’t lived in the UK for the last 12 years. But, I have paid my contributions for the required length of time. I also pay into the Spanish State pension system, so I will eventually get that as well – only another 12 years of work for that. Fortunately, I enjoy what I do too much to spend much time worrying about the fact I can’t afford to stop at my fast-approaching 60th birthday.


The 3 #SWO Retirement Tips

  1.  Defer claiming your State pension. [Tweet "You’ll get an additional 10.4% for every year you defer. "]Make additional voluntary contributions to your State pension if you’re nearing retiring age but haven’t completed 30 years of National Insurance contributions. You can also defer claiming personal and workplace pensions. Check it all out at Money Advice Service


  1. Whether you own or rent, you can probably release extra cash by moving into a smaller place. Or, use spare rooms to make extra cash with AirBnB or


  1. Don’t worry about it. It will happen when the time is right, just like Stan says. [Tweet "Choosing your time is always better than having it thrust upon you, so take control."] It’s your retirement after all!


Retirement is a career transition for which many are unprepared at any level. Check out the 3Plus Programmes for individuals

Eleanor McKenzie Subscriber
Eleanor McKenzie is a Northern Irish writer with a passion for art, literature, and red wine. She's worked at advertising agency JWT, edited a journal on European social policy and tried to teach teenagers the difference between "there" and "their". At 50+ and two husbands later, she loves the single life.
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