If You Are Planning Your Retirement, We Recommend Reading the Blog 'What We Lose' From Jonathan Clements at the Financial Website, Humble Dollar.
It’s easy to think of retirement planning as a purely financial process (Have I got enough money? and How should I best access it?), but it’s often dealing with the emotional side of retirement that can cause people the most problems. In summary, whilst there can be a huge amount of freedom to be gained from retiring from work, the author highlights seven areas of emotional loss that you might encounter:
We recognise this from conversations we’ve had with numerous clients over the years. Having now helped many people through retirement, we’ve learned that some – particularly extroverts with wide friendship groups and plenty of outside interests – find the emotional transition into retirement plain-sailing. Others can find it much more challenging.
The good news is that if you carefully plan around that aspect of your retirement transition, and build solutions for it into your process, there’s no reason you can’t enjoy the retirement you deserve.
We help people plan for and get the retirement they deserve. You only do it once so get it right. If you would like our help with thinking through your retirement decisions, please give us a call on 020 3488 9505.
Article: What We Lose - HumbleDollar
The value of your investments can go down as well as up, so you could get back less
than you invested.
Tax and Estate planning is not regulated by the Financial Conduct Authority.