PracticeConsultingFDs want early retirement

FDs want early retirement

More than two thirds of finance directors polled in this week's Accountancy Age/Reed Big Question survey said they have no intention of working until retirement age.

A resounding 70% said they planned to retire well before 65, the statutory age of retirement for men.

‘What a great question,’ said an anonymous respondent. ‘Definitely not, 50 is old enough for anyone and in this day and age only a fool assumes they will still be working past 50!’

‘I am putting enough away to ensure I can retire at 55,’ said Graham Mill, financial director at Eclochem.

Others had more luxurious reasons for saving. ‘Buying a boat and sailing around the world would be much better. I think that I will work until I have saved enough money,’ said one FD.

A mere 12% of over 200 FDs interviewed this week said they intended to work until they were 65. But, those that are eager, appeared positively joyous. ‘I am now 70 and still going!’ said one FD. ‘I’m already over 60 and I will continue because I love it,’ said another.

Careers focus

Survey:
Benefits – Are you getting enough?

The work-life balance

How do you see yourself?

Skills and barriers: Are you equipped for your job?

No longer a job for life

Articles:
Long hours are the norm

FDs want early retirement

Leader – The case for work life balance

The millionaires’ club

Career focus: The valley of dreams

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