But what a retiree can gain by devoting their time, energy, and resources to living this time passionately can be vastly more rewarding than any amount of money that comes from saving and investing.
"As a sports person and one passionately involved in car racing for more than 20 years, the decision to apply to the civil courts to contest a decision of the FIA was a difficult one for me to take, " the Italian said.
Labour's decision to vote for an EU budget cut was seen as evidence that the party is repositioning itself on Europe towards a more Eurosceptic position, but Mr Miliband said he "passionately believes that Britain is stronger in the European Union".