We just want to spend the lot
The Times - September 22, 2007
Elizabeth Colman helps a couple determined to use their savings to fund a hedonistic retirement
ANDREW and Patricia Kennedy have one overriding goal in retirement: to enjoy themselves as much as possible.
For the couple, this means living the “good life” with lots of foreign holidays, shopping and eating at restaurants. They also want to ensure that they have budgeted for visits to see their children and grandchildren, who live abroad, or pay to bring the family to the UK so that they can be together at least twice a year.
Andrew says: “Saving for the future is not a particularly high priority for us at this stage of our lives and we are not interested in passing on the wealth to our kids. We want to have as good a time as possible and let the children earn their own.”
The Kennedys appear well placed to carry out their plans because they have no debts and have paid off the mortgage on their West Sussex home, which is currently valued at about £375,000.
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Sophie Stewart - London
