What does retirement mean to you?


I was recently discussing an imminent retirement with a client, not unusual for us of course, but what did strike me as unusual was how nervous this client was about retiring. At first I thought the nervousness might have been to do with his pensions that we were discussing, but he explained that it was more just ‘retirement itself’. We ended up having a long conversation about the matter. He told me afterwards it had really helped just by talking it through, he had been having these concerns for a while but not spoken about them with anyone, which was lovely to hear. However I think it was me that benefited the most.

It seems to me that retirement means different things to different people. To some retirement is all about financial independence. From this point onward they know that they don’t have to work unless they want to. For others, retirement just means that they don’t have to do that job anymore. I think the latter is how society in general still views retirement, an escape, an end to the daily grind, a release etc.

The reality for this client was that retirement was a huge leap into the unknown. Yes there were lots of questions about money, pensions, investments, risk etc and that’s why he was working with us, but it was much more than that. It was more “what am I going to do now?”.

To suddenly have 7 days a week, 52 weeks of the year to do whatever he wanted, but no idea what that actually was. “Who am I now?” It’s commonly reported that our occupations make up a large part of who we think we are. It’s typically one of the first questions when meeting someone at a social event “what do you do?” Unsurprising then that retirement can mean a partial loss of identity, temporarily at least.

It was this client and this conversation that inspired me to start writing this blog. My intention is to produce short helpful notes on retirement and money issues. Clearly doing what I do for a living, a large focus will be on financial matters, but hopefully in a manner sympathetic to the worries and concerns of someone approaching their ‘leap into the unknown’.

If there’s anything in particular you would like me to cover, just click here to open our contact page and send me a message.

    Click here to read our privacy policy.

      Click here to read our privacy policy.

      Annetts & Orchard is a trading name of Annetts & Orchard Ltd. We are authorised and regulated by the Financial Conduct Authority. You can find Annetts & Orchard Ltd on the FCA register (FCA number 820272) by clicking here. Registered in England & Wales (11503291).

      Please note that the value of investments may go down as well as up and investors may get back less than they invest. Where these pages refer to investment performance it should be remembered that past performance is not a reliable indicator of future performance. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details can be found by clicking here.

      The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. The FCA does not regulate tax or estate planning.

      Click here to read our privacy policy | cookie policy