retirement type

What Retirement Type Are You?

What Retirement Type Are You?

The Optimist, the Pessimist or the Realist?

When it comes to retirement we all fall into one of three categories:

The Optimist

Retirement will be fantastic! One long holiday with endless sunshine, no worries, lazy days, perfect health and unlimited income.

Biggest fear: None – obviously!

Biggest regret: I should have been more realistic

Likely outcome: Money worries and disappointment

The Pessimist

Whatever I do in retirement, I must never run out of money. I need to keep my nest-egg back in case the roof needs fi xing, I’m going to need to change the car within the next 10 years and what if the kids need money? Hopefully, it will all become clearer next year and until then it’s best if we just hold back on doing anything.

Biggest fear: Is it next year that my money will run out?

Biggest regret: I never realised that I could have done so much more

Likely outcome: Regret, worry and wasted opportunities

The Realist

My retirement may well be 1/3rd of my life and I’m going to give it my best shot. I know I can’t afford everything so I’m going to concentrate on what’s really important to me. I will cost my retirement and make sure it matches my likely income. I will make provisions for future events and learn about investing and the effects of inflation.

Fears: None

Regrets: None

Likely outcome: I will be able to live my best retirement without fear or regret, knowing that I have a system that will make sure that I will never run out of money.

Whether you are an optimist or pessimist, it is possible to adopt the habits of a realist. Your first step is to speak to a financial adviser. To be looked after by a firm that is interested in you and not just your money, speak to Holland Hahn & Wills to discuss your financial situation. An initial chat is free, with no obligation and could save you a lot of worry. 

Are You Ready to Retire? Discover more at one of the events organised by Holland Hahn & Wills. Drop an email or give them a call:

020 8943 9229

This article is for information purposes and should not be treated as advice. Individual circumstances should always be considered prior to purchasing any financial products. Investing involves risk – the value of investments and income from them may fall as well as rise and is not guaranteed.