ABSTRACT

Given the importance of economic security when people end their working lives, this chapter considers the main financial issues individuals need to think about when looking at both the timing of their retirement, and how they will survive financially post-employment. Both employees and self-employed persons will need to consider carefully their financial planning decisions early enough to ensure that they have an appropriate amount of money to live on post-retirement. Saving for pensions and other means of investment is a key element of this planning process. The retirement coach is not expected to be a financial planning expert, but must be able to deal with some general questions around such challenges and to guide coachees towards useful and relevant sources of advice and help on these issues.