The challenges of throttling back from full-on work
Update: 2022-08-26
Description
Janette's Situation. Having throttled back from full-on work to do only a bit of what she enjoys, Janette is transitioning from earning and accumulating wealth to utilising what she has created to support her lifestyle.
She wants to make the most of what she has got rather than creating a legacy and she has a gap to navigate until her pensions pay out in full.
Challenges
- Outliving our resources is a frightening prospect but making sure we get the most out of them is also a lifetime responsibility – how to tackle the balancing act.
- How to use different pensions at different stages of retirement to gap fill and smooth out your income.
- She has recently come out of a long term marriage and lost her last parent – she felt quite alone and with decisions to make about an inheritance.
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