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How can I plan for a fulfilling retirement? · Wellbeing Solutions - Ask A Counsellor

• 0:01
  SPEAKER_00: How can I plan for a fulfilling retirement?
• 0:05
  SPEAKER_00: Each person will define the word fulfilling differently.
• 0:08
  SPEAKER_00: However, there are a few areas to consider when planning a fulfilling retirement.
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  SPEAKER_00: So number one, financial factors.
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  SPEAKER_00: It is worth visiting www.gov.uk forward slash plan retirement income for basic information around pensions and other useful advice.
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  SPEAKER_00: It's a good time to assess your current situation such as the pensions, state pension entitlement, your savings and investment returns, and any debt you currently have.
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  SPEAKER_00: Calculate what finances you will need at the basic level to cover household bills, healthcare, travel hobbies, and include savings for a rainy day.
• 0:54
  SPEAKER_00: Then calculate what income you will be receiving and how this can be maximized.
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  SPEAKER_00: If you need help at this stage, it is worth consulting a financial advisor, an independent one, and also to remember to review your finances every year as the economy changes.
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  SPEAKER_00: So number two, health factors.
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  SPEAKER_00: Really try and keep on top of your health with regular checkups with a dentist, optician, and keep up to date with GP screenings, things like that.
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  SPEAKER_00: Also, obviously, regular exercise, looking after what you eat and getting enough sleep, the basics really, but this becomes more important as our value on health increases.
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  SPEAKER_00: Health is everything, so that you can enjoy retirement and continue to enjoy this stage of life, which you have worked so hard for.
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  SPEAKER_00: So be proactive in protecting and maintaining your health, catching any potential problems early.
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  SPEAKER_00: Number three, social factors.
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  SPEAKER_00: When we leave work, we also leave behind colleagues and the social daily interactions they offer.
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  SPEAKER_00: It is so important to look at alternative ways to get this interaction.
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  SPEAKER_00: So you have more time on your hands when you retire, and this opens up new doors to meet new people and do new things.
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  SPEAKER_00: And this, as we grow older, can help us to keep a positive mindset.
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  SPEAKER_00: Helping others and supporting others also gives us a great sense of purpose.
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  SPEAKER_00: Number four, legacy planning.
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  SPEAKER_00: Peace of mind can come with knowing that you have everything sorted for when you're no longer here.
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  SPEAKER_00: You can relax then and enjoy your retirement knowing that everything is in order.
• 2:37
  SPEAKER_00: Sometimes putting off things keeps us thinking about them.
• 2:41
  SPEAKER_00: Oh I must write my will.
• 2:42
  SPEAKER_00: You know, it's going to take up more headspace, and then you're taking your focus away from living well onto when we're no longer here, which is less of a positive mindset to be in.
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  SPEAKER_00: So number five, purpose and identity.
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  SPEAKER_00: It's really worth sitting down and clarifying your goals, your non-negotiables, which aspects of your current life and unrealised dreams or goals are you wanting to work towards in your future and maintain.
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  SPEAKER_00: Maybe take some time to reflect what gives your life purpose beyond your job.
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  SPEAKER_00: Continuing personal growth is important.
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  SPEAKER_00: Maintaining routines is important.
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  SPEAKER_00: And all of these things help you to redefine your identity without losing your previous.
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  SPEAKER_00: Finding new purpose becomes very important.
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  SPEAKER_00: And you can do this by finding purpose in your community, supporting others, and you know, growing, doing a new course, taking up a new language, a new exercise class, anything like that.
• 3:51
  SPEAKER_00: And family as well, family become more important.
• 3:55
  SPEAKER_00: So connecting with the family, being there more for your children, your grandchildren if you have them.
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  SPEAKER_00: And these all become a new part of your identity.
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  SPEAKER_00: So I hope this information has been useful, and I would recommend going to visit the gov.uk website around planning your retirement.
• 4:12
  SPEAKER_00: That's a great place to start.
• 4:14
  SPEAKER_00: Thank you.