January 25th, 2011
10:25 AM GMT
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An interesting group of people turns 65 years old this year, from Bill Clinton and George W. Bush to Steven Spielberg, Cher and Sylvester Stallone. Add to that list Geoff Woodhouse.

Geoff recently retired as a maths teacher and like many of his “baby boomer” generation, he may have decades in retirement. He told me that his decision to take early retirement, at 64, came quickly and without much preparation. Five months on, he has to figure out what's next.

Yes, decades.

Welcome to the New Reality of retirement life. With men in the west happily (and many healthily) living into their 80s and women pushing into their 90s, the impact on health care, pension systems and the jobs market is profound. The UK government recently estimated that more than seven thousand Britons will hit 110 years old by 2066.

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