You are now well along the path of your ‘Financial Masterplan’ and you are starting to think about your future after work – or certainly a change in your work / life balance.
How is this going to look for you? Are you going to work full-time, and then stop in one go? Are you going to phase your retirement and reduce your work commitments over time?
What are you going to do with your additional free time? What will be important to you? What will be your purpose?
This is likely to be one of the largest transitions that you go through, and as such, requires additional attention in the build up to ensure you are comfortable with your plans and the financing of your future lifestyle.
You will likely be moving from a position where you have a regular income, or you are producing an income through a business, to a position where you have to finance a majority if not all (even for a period of time) of your expenditure out of your accumulated resources. This is a huge change and it is vitally important that you are prepared for this in the build-up.