Guest Post
It’s no secret that, on the whole, our workforce is getting older. Whether this is due to improvements in healthcare, financial constraints or simply job satisfaction, people are now working well into their 60s and in some cases, even beyond.
Yet work can’t go on indefinitely, and at some point you’re going to have to start planning for your retirement. Many people put this off for as long as possible, but the better you plan, the more chance you have of living a satisfying and fulfilling retirement.
Setting up a pension fund
For anyone who is financially cautious, it’s really never too early to start planning your pension pot.
From the moment you enter full time work you can start contributing into a fund that hopefully will be topped up every month by your employer.
If your company doesn’t offer a pension plan, there are plenty of banks, building societies and specialist companies that can help and advise you on the best places to put your money. So get saving for that rainy day.
Moving to your ‘forever’ home
Many people have a deep-rooted dream of moving to the country to live out their days in peace and quiet in a ‘forever’ home.
Though you can wait until you’ve finished work to start searching for your perfect property, moving before you retire can be a great way to ease yourself into your new life.
Writing a will and arranging probate
A valid will is a good thing to maintain throughout your career as it can simplify and ease the process in case the worst happens. And if you’re nearing retirement age, getting your affairs in order is even more important.
If you’re unsure of how to make a will or the process involved in probating your estate, Co-Op Probate Advice services can help you to understand the procedures and help you to make the most of your final wishes.
Scaling back on work
Stopping work altogether can be a huge shock to the system, so if your career has been fast-paced and action packed, consider scaling down your working hours before your stop completely.
If it’s your own company, than this can be easier said than done, but if you work for someone else then discuss reduced working hours with your employer.
After a long and rewarding career, you’ll deserve a long and fulfilling retirement. So get planning, saving and organising and you’ll be living out your golden years in comfort, style and satisfaction.
