Running out of money is the biggest retirement fear

Running out of money is the number one fear when we think about retirement.

Running out of money is the number one fear when we think about retirement. This is followed closely by a decline in both our physical and mental health.

Advisers can help clients offset that fear by showing them how to get a better grip on what they have and how they can make it last. Very few people reach retirement bemoaning having saved too much.

We generally envisage spending plenty of time with our partners when we stop working, with travel topping the retirement wish list. Discussing retirement plans in advance will help clients ensure they are on the same page as their loved one. It was also help them avoid joining the minority of people who are dreading spending time with their other half because they do not know what lies in store when work stops. 

Nathan Long, senior analyst, Hargreaves Lansdown.

Running out of money is the number one fear when we think about retirement. This is followed closely by a decline in both our physical and mental health.

Advisers can help clients offset that fear by showing them how to get a better grip on what they have and how they can make it last. Very few people reach retirement bemoaning having saved too much.

We generally envisage spending plenty of time with our partners when we stop working, with travel topping the retirement wish list. Discussing retirement plans in advance will help clients ensure they are on the same page as their loved one. It was also help them avoid joining the minority of people who are dreading spending time with their other half because they do not know what lies in store when work stops. 

Nathan Long, senior analyst, Hargreaves Lansdown.

Source: Hargreaves Lansdown study of the attitudes of a nationality representative sample of 1.516 non-retired people.

Source: Hargreaves Lansdown

Source: Hargreaves Lansdown

Source: Hargreaves Lansdown

Source: Hargreaves Lansdown

Share this story

More Content

BUSINESS

1 Comments Profile: Fiona Oliver and James Roberts of Partners Wealth Management

Profile: Fiona Oliver and James Roberts of Partners Wealth Management

James Roberts and Fiona Oliver represent the changing face of Partners Wealth Management, which has drafted in a raft of big hitters since we last visited the firm

ADVICE

Grads grab chance to impress advice firms at matchmaking event

Grads grab chance to impress advice firms at matchmaking event

Top graduates are crying out for a pathway into the profession, so it is up to advisers to go into universities and spread the word about financial advice

twitter_banner

INVESTMENT