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Silver Lining Weekly Planner

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In a study carried out by Prudential, the average age of those consumers retiring in 2008 will be 60 and 58 for men and women respectively. Findings from the company also indicated that a quarter of people retiring early next year will do so because they can afford to. Meanwhile, 22 per cent are stopping work because they have reached the statutory age for retirement. However, as the actual statutory ages for giving up work are 65 and 60 for women respectively, such people appear to have got their finances in a strong enough shape that they have managed to save enough money for retirement as well as meeting other demands on their spending such as personal loans and utility bills.

The research also showed that 33 per cent of women retiring next year will be over the age of 60, while just over one in ten men (11 per cent) will be more than 65. Meanwhile, the majority (52 per cent) of people retiring in 2008 are on a final salary scheme, as 22 per cent are on a defined contribution policy.

Commenting on the findings, Ali Crossley, director of retirement insurance for Prudential, reported that although those stopping work next year should be able to manage their money adequately, those retiring after 2008 may find that they develop financial problems. He stated: "People retiring next year are in general entitled to think 'What pensions crisis?'. On average they are giving up work early and can look forward to final salary schemes having worked hard throughout their lives. That is good news which is not often a phrase associated with pensions. However every silver lining has a cloud and with pensions it is never hard to find another side. Those of us coming after the class of 2008 will perhaps not be so lucky unless we take action to plan for retirement."

However, the firm warned that the divide between the "haves and the have-nots" is growing wider as about a quarter of Britons do not have any money saved into a pension scheme. In turn this could lead many people to develop financial difficulties in later life as they struggle to meet demands for payment on areas such as mortgages, credit card bills, loans and overdrafts. In addition, Prudential pointed out that some 80 per cent of final salary schemes are now closed to new members.

As a result, those looking to free up more money to put into pension accounts so as to secure a certain standard of living for when they retire may wish to consider getting a debt consolidation loan. An application for such borrowing could well allow consumers to meet numerous demands for payments at once and be left with a single low-rate loan. Taking out a consolidation loan could be particularly advisable after a recent study by Alliance & Leicester indicates that 3.4 million Britons see their financial situation as the largest concern in their life. Meanwhile, about half of people become worried about money in the approach to the Christmas and new year period.

Silver Lining Weekly Planner

The first section presents a summary of the problem and or concerns of the "offended" spouse and what she would truly like to convey to her unfaithful husband.

I then outline some goals that help him/her break free from the affair.

The last and important section gets at shifting the focus away from the spouse/partner to him/her self. What is the meaning and power for the "offended" partner or the one attempting to cope with the discovery of infidelity? After that mental shift (which is NOT easy for someone in the pain and turmoil of perhaps losing one's spouse, family, and home) I, the coach, offer phrases that he/she can relay to his/her spouse in a way that speaks directly of his/her concern and has the best chance of being heard and getting positive results.

Section #1: The "offended spouse" says:

Even though I know the affair is not my fault, I think about ways I could make myself better. I continue to try and push away the negative and think about what positive has come out of this. Weird thing to say but I can breathe easier knowing that some positive things have come of this. My life is completely different, my husband has decided after 45 days of me finding out and not seeing or speaking to me about anything that he wants a divorce. Needless to say I was absolutely crushed, my family is destroyed or feels that way, we have two children of our own and my nephew who we are guardians for. We have a son who is seven years old and a daughter eighteen months. All of a sudden, the dream I thought we both were striving to achieve was on pause while he was put on active duty to support the war. Instead I find that he had an affair with a married woman who has four children, he didn't even cheat right, he told her he was divorced that his wife, whom he still loved left him. Internally I feel in turmoil, in ways I've never felt before. Most others were shocked by what happened but I knew it was coming and that part is painful. Through this I have found faith to help me through the rough days and family and friends support is always good. I focus on keeping each moment of my life filled with activity.

Section 2: Possible steps to recovery, suggested by the coach:

Continue to work on self improvement goals.

Journal or reflect on your internal dialogue. Be aware of the part that has negative thoughts. Try to understand the intent of this part and what this part wants for you.

Continue building your support system (family, friends).

Allow yourself to grieve the loss.

Section 3: What the affair means for the "offended spouse" and what he/she REALLY wants to say to his spouse/partner having the affair:

This seems so sudden. I wonder if you are truly aware of your situation. Looks like you might be buying yourself a bucket of responsibility and perhaps trouble.

I wonder some days why you need to hide (the truth).

What is your situation? Describe your situation. Let it flow. Don't hold back. Then, ask yourself, "What does this marital mean for ME?" What impact does his/her extramarital affair have on my feelings, thoughts and actions? Then rehearse approaching your spouse/partner with phrases that convey the meaning and impact of the infidelity for YOU.

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About Author

Both Tom Dawson & Robert Huizenga are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Tom Dawson has sinced written about articles on various topics from Personal Finance, Parenting and Personal Finance. Tom Dawson is the Editor in Chief for Essentially Home Loans where visitors can apply for. We also specialise in. Tom Dawson's top article generates over 74000 views. to your Favourites.

Robert Huizenga has sinced written about articles on various topics from Infidelity, Speeding Ticket and Divorce and Infidelity. Dr. Robert Huizenga, CSW, LMFT, The Infidelity Coach, is an author, and For the past two decades he has serv. Robert Huizenga's top article generates over 165000 views. to your Favourites.

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