As life expectancy continues to rise, many people’s retirements could stretch beyond longer than they thought, and they may need to rethink when they will retire.
Phasing retirement could boost your pension pot and help you manage your free time
The retirement model of finishing work one day and being retired the next is receding somewhat, in favour of phased retirement.
This type of tapered working can offset some of the emotional difficulties of retirement.
Phasing retirement also means you can delay drawing from your pension and continue making contributions to it.
“Unretiring” can support your wellbeing and boost your finances at the same time.
“Unretirement” means going back to work after having already retired
For some, it’s a social decision as they’ve found they missed the regular contact and routine associated with work. There are potentially financial benefits, too.
Delayed retirement or unretirement can help you effectively plan for your leisure time
Making financial plans for retirement is important, but it’s just as key to understand how you’ll spend your time to keep your emotional wellbeing high.
To speak to a financial planner, get in touch with Perennial Wealth via:
Telephone: 01179596499
Email: info@perennialwealth.co.uk
Address: Trym Lodge, 1 Henbury Road, Bristol, BSB9 3HQ
Web: perennialwealth.co.uk
