Retirement: Establishing a new (financial) routine

Retirement: Establishing a new (financial) routine

In retirement, establishing a new financial routine is vital to ensure financial stability, peace of mind, and, more importantly the ability to enjoy this phase of your life as much as possible. The psychology of retirement is an interesting concept. Some people cannot wait for freedom from the “rat race”, others are intimidated by life without such a set routine. Since the Covid pandemic, the workplace routine has evolved, introducing more flexibility in some cases. This can make the step into retirement a little easier as the usual routine has already been disrupted.

Research shows that people who work with a financial adviser enjoy a more comfortable retirement. To put it simply, those who take expert advice tend to have larger pension pots than those who do not. Contemplation of retirement – and the lifestyle you want to enjoy when you move away from the fulltime world of work – has to encompass a broader view of the world. Which is why, as financial advisers, we talk about your mindset before we go into the details of your bank balance. Fundamentally, we don’t think you should focus on your money, your savings plans and your pensions. We think you should focus on the lifestyle those plans are going to fund.

A good adviser should be able to draw up a financial plan that demonstrates clearly how you can sustain the lifestyle to which you aspire in retirement while also being able to pass money to your children and grandchildren – and have enough in store to pay for any care costs that may arise. At Holland Hahn & Wills (part of Evans Hart), our mission is to help people to reduce their levels of worry and stress so that they can get on with the things they enjoy in life.

The most important factor in a happy retirement is not how much you have saved for it; it’s how much you have planned for it financially and emotionally. Part of the emotional preparation for retirement is acknowledging that there are several stages to it – and we have summarised them as:

Imagination – The Planning Phase

Anticipation – The Build Up

Liberation – The Freedom

Disenchantment – The Frustration

Reorientation – The Change

Reconciliation – The Acceptance

To receive a copy of our Whitepaper “The Psychology of Retirement” drop us an email at

If you want to know more about how our financial planning process can help you, or perhaps want a second opinion on your own planning or investment strategy please get in touch:

020 8943 9229 | |