A friend recently sent me this article which articulates the need for life planning as we head towards retirement, beyond just a financial plan. In the UK more and more people are returning to some form of paid employment post retirement, apparently out of boredom. With up to 40 years of life to be lived post retirement, I just don’t see people preparing well and thinking things through.
Have a read, its a good article from Forbes Magazine:
…… many new, existing and soon-to-be retirees have been brainwashed into believing that if they save enough money and develop the right financial plan, everything else will just fall into place. But you know that’s not how it works. ….. the need for retirement coaching and developing a plan for the non-financial aspects of retirement dwarfs the need to prepare financially.
REF: Laura R, Forbes online 2016: https://www.forbes.com/sites/robertlaura/2016/04/29/the-problem-with-retirement-coaching/#fe405d57907b