Things To Consider Before You Retire

By accessibleproperty

June 17, 2022

For many people, retirement is something they look forward to but it’s also completely normal to feel apprehensive about retiring and wonder if you’ll be able to live comfortably and what you’ll do with your extra free time. If you’re contemplating retirement, here are some of the most important things to consider before you retire.


When it comes to planning your retirement, understanding your retirement income and how your finances will look, is vital. You should first check how much state pension you will be entitled to, along with any workplace or personal pensions you have been paying into. Some pension plans allow you to retire early or to increase your pension payments if you delay your retirement, so this is worth bearing in mind.

You may also be entitled to other benefits, such as pension credit, housing benefit, winter fuel payments or attendance allowance, depending on your personal circumstances.


If you have a mortgage on your property, this will be a big factor in your decision-making when it comes to your retirement. Some people will choose to continue working until this is paid off so that they don’t need to worry about mortgage repayments after they retire. Others may choose to use equity release to pay off the remainder of what they owe. Even if your mortgage is already paid in full and you own your property outright, you can also use an equity release mortgage to boost your finances and give you a bit of freedom in your retirement.


When thinking about retirement, you should also consider your home and whether or not it’s still suitable for your requirements. Many people choose to downsize in their retirement but if you’d prefer to stay in your current home there are steps you can take to future-proof it, such as de-cluttering and making it more accessible.

Installing a ground-floor toilet or shower room reduces the number of trips you’ll need to make up and down the stairs, and if you’re worried about your mobility or overall health, then there are lots of helpful adaptations you can make to your existing home that will make it a more convenient, safe and comfortable place to enjoy your retirement.

How to Spend Your Time

Lots of people worry about how they will fill their days when they retire and it’s completely normal to feel apprehensive about suddenly having lots of free time and nothing to do in it. If you have worked all your life, then suddenly leaving your job or career can be very disorienting and feel as though you’ve lost your purpose.

If possible, it’s a good idea to wind down gently by gradually decreasing your hours or responsibilities at work in the lead-up to your retirement rather than stopping abruptly, as this will be less jarring. It’s also a good idea to develop a routine early on in your retirement so that your days don’t feel as though they’re stretching on endlessly. Sticking to your usual mealtimes and bedtimes and planning activities for when you’d usually be working can help you adjust to the transition.

It’s also important to remember that when you stop working, you may become less physically active than you were and possibly lose touch with colleagues and work friends so you will need to make an extra effort to stay active and build a social support network to help you stay physically and mentally healthy in your retirement.