1 – 31 AUGUST 2023

Maximise your money in your 50s and 60s: 21 – 25 August

Day 5:  Enjoy your retirement

Retirement marks the culmination of a lifetime of hard work, financial planning, and diligent saving. Whether you’re at the beginning of your retirement journey or have been enjoying it for some time, here are some final words from our expert financial advisers on making the most of your well-deserved retirement.

Take time to enjoy your retirement

You’ve spent years building a nest egg for your retirement, and now is the time to enjoy it. It’s natural to want to preserve your savings for the future, but remember that your retirement is meant to be savoured and celebrated. Splurge on the experiences you’ve always wanted to have, whether it’s travel, pursuing hobbies, or spending quality time with loved ones. Strike a balance between responsible financial management and allowing yourself the freedom to enjoy your money.

Transitioning from saving to spending

For some retirees, transitioning from a lifetime of saving to spending can be challenging. It’s a shift in mindset to embrace the idea that you’ve earned the right to enjoy your money. Remind yourself that your retirement funds were specifically set aside to provide you with financial security and to enhance your quality of life. Embrace the concept of spending wisely and responsibly to avoid unnecessary financial worries during this new phase of life.

Pursue your passions

Retirement offers an opportunity to focus on the things you are passionate about. Whether it’s taking up a new hobby, engaging in volunteer work, or exploring new adventures, now is the time to pursue what truly brings you joy. Embrace your interests, explore new horizons, and discover the fulfilment that comes from living life on your terms.

Create lasting memories

As you enjoy your retirement, cherish the moments and create lasting memories. Share experiences with friends and family, travel to new destinations and savour the little things that bring happiness. These memories will become treasured keepsakes that enrich your retirement journey and provide a sense of fulfilment.

Retirement is a time to cherish the financial security you’ve built and to relish the experiences you’ve worked so hard to achieve. Embrace the idea that it’s okay to spend your hard-earned money on things that bring you joy. You deserve to enjoy the rewards of your hard work, so have fun and make the most of this special time!

Top tips contributed by:

Sue Richards | Investment Adviser
Ph 027 339 1167

Michelle Cook | Financial Adviser
GradDip Professional Financial Planning
Ph 027 270 4490

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