Preparing for retirement emotionally

  1. Preparing for retirement emotionally

Pensioners are embracing the benefits of retirement and new-found time

Retirement has meant a new lease of life for millions of people who have given up work in the last ten years, with more than one in four retirees saying they are fitter and healthier since they stopped working. Far from winding down, nearly half of those who have retired since the height of the financial crisis say they are busier and more active than they anticipated.

Preparing for retirement emotionally

Through embracing the benefits of retirement and making the most of the new-found time, more than 35% say they have more time to make their life more adventurous than they could have hoped while they were still at work.

When asked how else their experience of retirement was exceeding their expectations, many of those who have become pensioners in the last ten years pointed to improvements in their relationships. More than a quarter believe they now get on better with their partner, while 25% think that their relationship with their family is happier since stopping work. Meanwhile, just under one in four say their social life has improved more than they expected.

Plan for the financial side of your retirement

As people who plan to finish work in the next ten years begin to look forward to their retirement, there’s plenty they can still do to make sure they are as comfortable as the people who have become pensioners over the last decade. Most importantly, in the face of changing pension rules, many people will benefit from obtaining professional financial advice in the run-up to retirement.

Retirement will continue to change over the coming years, but for many people the desire to make the most of their new-found free time will remain. Reflecting on their retirement in general, the vast majority who gave up work in the last ten years said that it had met their expectations or they were happy with how it had panned out so far.

Prepare for your retirement

It’s important to plan for retirement, prepare your thoughts, feelings and emotions for the next phase in your life: a time to look forward to and welcome as a chance to do the things you have been dreaming about, as well as a rest after a long career. There is likely to be a mixture of feelings and thoughts as you start on this new venture into uncharted territory.

If you’d like help preparing for your retirement, call us on 0113 436 0110 or fill in the form below.