Emotional issues of retirement - What every financial advisor should know

Emotional Issues of RetirementWhat Every Financial Advisor Should Know

Even when they have a financial plan in place -Many clients are not prepared for the emotions

that revolve around retirement.

What Every Financial

Advisor Should Know

Emotional Issues of Retirement

Fear of no paycheckClients may fear that they will be unable

to live on their investments only.

Fear of changeA client might be scared of change or

what the transition will hold.

Party left in meMany people feel the word “retirement”

means the end of the road, yet they still have lots of “party” in them.

Fear of last dayThe last day of work means a final chapter

and it’s a poignant time.

Loss of hierarchy and structureNo more getting up early to work?

It may not be the dream that some envision.

Loss of IdentityIf the client no longer has a career, they may question

their identity relative to society.

Relationship DynamicsIf both partners stay home full time, how will that

change their relationship dynamic?

Fear of physical illnessWhat if the client or their partner becomes ill? What happens to their bucket list plans then?

Fear of mental declineClients may feel that not working will cause them to

lose their mental faculties or bring on dementia.

Fear of becoming a burdenIf the client falls ill after retirement, they may want

to avoid becoming a burden to their partners.

LonelinessWhat will happen to the social life that revolved around their work?

Created by Antoinette

Rodriguez, MBASales and Marketing

Consulting for Financial Advisors

www.marfiadvisors.com