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Why Your Transition Into Retirement Might Be Harder Than You Think

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:

  • Income

  • Identity

  • Purpose

  • Structure

  • Community

  • Relevance

  • Power

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.


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.


CONTACT US

We're committed to empowering as many people as we can about their finances, so please get in touch with us with any questions you may have. 

 

Call us on: 020 3488 9505 or complete the form below. We're always happy to help if we can!

EMPOWER PARTNERS LLP is authorised and regulated by the Financial Conduct Authority (FCA).

FCA registration number: 949328

Articles on this website are offered only for general informational and educational purposes and do not constitute financial advice.  You should not act or rely on any information contained in this website without first seeking advice from a professional.

EMPOWER PARTNERS LLP

Registered address: 3 Wincanton Road, London, SW18 5TZ

Partnership number: OC436701

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