Running out of money is the biggest retirement fear

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