Many people dream about retirement, that next chapter of life where you can explore your dreams and enjoy a comfortable lifestyle. Living in retirement, however, often looks quite different on a day-to-day basis, as retirees are not immune to facing financial challenges.
While some of these challenges might be familiar, like living in an inflationary period, others are completely new. Let’s look at some of the financial challenges and how retirees can prepare for the expected and unexpected alike. ;elm:context_link;itc:0″ class=”link rapid-noclick-resp”most common financial challenges and how retirees can prepare for the expected and unexpected alike.
Loss of Identity
Retirees who have spent a significant amount of their lives working, and enjoying the work they do, might be afraid to