It’s something that nobody wants to talk about but like it or not, you will get older.

On the plus side, today isn’t the day that we’re about to remind you about the bulging belly and grey hairs that are often associated with aging (although these by no means happen to everyone – the former is a common myth in fact).

Instead, today is all about finances. It might be a seemingly boring topic, but in relation to aging it can also prove to be quite popular. As you’ll soon find out, as you age you will meet your fair share of financial surprises but contrary to popular belief, they’re not all bad.

Surprise #1 – You might earn more

Today isn’t the day that we’re going to bang on about pensions. Instead, it’s about how much MORE you could earn when you get older.

The prospect of retirement can be fun if you anticipate relaxing days spent on sunny beaches, but if you have concerns about potential debt and the general difficulties of living on a fixed income the prospect of retirement can suddenly become scary. A reverse mortgage lender can alleviate many of those concerns by providing you with a non-traditional form of loan designed just for retired individuals. Under the loan terms you can borrow money against the value of your home and pay it back at your leisure using a reverse-loan calculator you can find out exactly how much you’ll be getting per month. No full repayment will be required as long as your primary residence continues to be the home in question and you will continue to be the homeowner for the duration of the loan.

Sure, your pension might aid in this process, but this surprise is probably going to apply to those of you who are still working. This is because studies have found that 90% of over 50s are actually classed as “happy” in their job role. This is mainly due to the fact they have reached their career goals and are regarded as an expert.

As we all know, a happy worker tends to be a motivated one. The domino effect of this is that pay rises and promotions are still on the table – with many people also taking on extra freelance work to supplement the coppers some more.

Surprise #2 – You will probably have to provide for your children even after they fly the nest

We all know the cost of raising children – it spans into hundreds of thousands of pounds.

This figure is seemingly on the rise though. More and more parents are helping out with a house deposit for their kids, for the simple fact that it’s otherwise unaffordable.

It doesn’t stop at bricks and mortar though – it can stretch as far as funerals and elderly care. In relation to the former, many people feel as though it’s better to pay “today’s rate” with a pre-paid funeral plan, to ensure that the family doesn’t have a huge bill. Then, with elderly care, it’s been all over the news over recent times how expensive this is – and it’s not getting any cheaper.

Surprise #3 – You might have more financial flexibility

The final surprise is another pleasant one; you’ll probably have slightly more financial flexibility than you once thought. We’re mainly referring to refinancing and if you need a quick boost of cash, mortgaging is most definitely possible. In fact, it’s something that’s come on leaps and bounds over recent years and while banks may have once been reluctant to loan to the elderly, this is no longer the case. Of course, there are limits, but these are higher than they once were which just carves a few more avenues to those of you who might want to make that luxury purchase.