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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