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5 Major Retirement Regrets

Whether retirement is around the corner or still a decade away, it is important to avoid common mistakes that can lead to regrets. Here are the 5 major retirement regrets I’ve seen people make in their retirement planning.

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I’m 55 with £400,000. Can I retire at 60?

We explore the five years before and after retirement through the story of Sue, a 55-year-old planning to retire at 60. With £400,000 saved, Sue questions if it’s enough. We review her current financial position, assesses the likelihood of Sue retiring at 60, and explore strategies to enhance her retirement.

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Why the 5 years before retirement are so important

Simon emphasises the importance of planning for retirement starting at least five years in advance. Key steps include identifying retirement goals, estimating spending, assessing assets, making a cash flow forecast, and considering phased retirement. Proper planning allows for informed decisions on investments, expenses, and lifestyle, ensuring a smoother transition and financially secure retirement.

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