Six concerns as retirement approaches and how to reduce them

Retirement should be an exciting milestone that you look forward to; the start of the next phase of your life where you have more free time on your hands.

But that doesn’t mean concerns aren’t present as you plan for and live a retired life.

As your thoughts turn to retirement you may be hoping to spend more time on hobbies, travel, or helping out with childcare for your grandchildren. Persistent concerns can mean a retirement that held much hope falls short because you’re too concerned about worries. From the fear that your pension savings will run out too soon to apprehension around how you’ll pass assets to loved ones, concerns may mean retirement misses the mark.

If you’re apprehensive as retirement approaches, the first thing to note is that it’s normal. Retirement represents a big change in your life, even if it’s overall one that you’re looking forward to. However, there are steps you can take to minimise these doubts and give you the confidence to live the retirement you’ve been eagerly planning.

In this guide, we take a look at six of the most common concerns as you start to plan for retirement and demonstrate how a bit of planning can help you better understand your position.

While this guide will take a look at six common retirement concerns, your worries may be very different.

If you’d like to discuss worries you have as you start to think about retirement, please contact us on info@lifeplanfm.co.uk or 01207 297100.