Would you rather build a financial future lined with velvet cushions, or one pieced together with spud bags?? Too many households in Ireland—and globally—are entering retirement without the savings needed to sustain their lifestyle. In this episode, I explore the uncomfortable truth behind retirement readiness, from the dominance of State Pensions to the worrying lack of planning, and why delayed gratification and early saving matter more than ever. Key Points: State Pension reliance: In Ireland, over half of workers without private pensions expect to rely mainly on the State Pension (€15,100 p.a. in 2025). Research insights: CCPC data shows 26% of adults are completely unprepared for retirement; many regret starting pensions too late or don't understand how they work. Spending reality: Retirement spending often follows a U-shaped "smile"—high early, lower mid-life, higher again with health costs. But reductions are often enforced, not chosen. Global parallels: US data mirrors the same challenge—most middle-aged households have modest pension balances, and Social Security dominates retirement income. Cultural habits: Rising instant-spending patterns today may make cutting back tomorrow feel like deprivation. Solutions: Start saving early, define retirement goals, regularly review pension performance, seek professional advice, and prepare for Auto Enrolment (2026). The takeaway: Financial freedom in retirement won't just happen—it must be planned for deliberately, and the time to act is now.

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