Is retirement bad for you?
Failing to Prepare is Preparing to Fail
When you look ahead to your retirement, are you excited and full of hope, or does the prospect of stopping work fill you with dread? Having the time to pursue your passions may sound like the ultimate idyll, but could the reality be damaging for your wealth and wellbeing?
"Looking after your health is very important as you get older, but making sure that you have a fulfilling and happy life can also lead to increased longevity."
In 2011, the economist Josef Zweimuller, co-authored a study that found that early retirement, as much as we may crave it, seems to be bad for our health. The study showed that for every extra year of early retirement, workers lost about two months of their life expectancy. Sadly, this is not the first study to show a strong relationship between early retirement and earlier death. The facts point to one conclusion: It seems we aren’t actually very good at retirement.
The truth is that retirement is a hugely painful and emotional stage in life. You spend your whole life earning money, and now you need to turn off that tap and live off what you have accumulated for the rest of your years. Will you run out, or will you die the richest person in the graveyard? And that’s just the money; retirement is about so much more than the money, but that gets forgotten. Will you be living out a boring, broke and brief retirement because you don’t have the health or the balance of activities to facilitate something better?
As a truly independent Chartered Financial Planning business, we know the secrets to a successful retirement from a financial perspective and have helped many individuals achieve this. Our mission is to deliver the best financial planning possible to our clients, but there are only so many people we can see, and the financial side of retirement is merely the tip of the iceberg.
With many of us spending in excess of 25 years in retirement, it should be a time of happiness, new adventures and enjoying the fruits of our labour. As a company, we want to help many more people create the retirement of their dreams. This isn’t just about the money, we want to show them how to design a rewarding and fulfilling Life 2.0, the new version of their life, and to create the health and wellbeing to allow them to enjoy it. So, to help with this, I wrote ‘The Dream Retirement: How to Secure Your Wealth and Retire Happy’, which was published in 2015.
‘The Dream Retirement’ shares secrets on how you can have a fulfilling life after retirement. It has valuable information on what you can do in ensuring how you can maximise your funds without taking unnecessary risks and how you can take care of yourself by managing your time, health and relationships.
The book gives you innovative solutions, so you can turn your new life into a fantastic, fruitful and fulfilling existence. It’ll show you how to design the retirement of your dreams packed full of activities that stimulate your body and mind, whilst ensuring you have the health to do so. It’ll show you what to do NOW for an amazing THEN!
And best of all, you can have a copy for free! Simply visit our website, www.efficientportfolio.co.uk, and click on ‘Get My Copy’ on the home page. You will then be sent a downloadable version of ‘The Dream Retirement’ to enjoy at your leisure.
I hope the book becomes a valuable resource for your future, but if there is anything else that Efficient Portfolio can help with, please do not hesitate in contacting us on 01572 898060 or by emailing [email protected]
