There is nothing wrong with working hard and putting in long hours, particularly if you are totally engaged and passionate about your work. Indeed, it may have got you to where you are today.
But in doing so it has probably given you the worst preparation for retirement – that is if you actually want to stop working:
Are you obsessed with work above all else?
Do you portray workaholic traits?
Take this simple test to find out.
The emotional readiness to retire test
My score
Retirement is going to be a big emotional challenge for you given the obsessive, possibly addictive, relationship you have with work, particularly the closer you are to retirement. We can help you to successfully make the transition, both emotionally and financially. Call us on 0121 313 1370 or email
info@henwoodcourt.co.uk to arrange an initial discussion.
Transitioning into retirement will be difficult, although not emotionally impossible. We're here to help you deal with the change and make sure your finances are organised as effectively as possible. Call us on 0121 313 1370 or email
info@henwoodcourt.co.uk to arrange an initial discussion.
The transition into retirement should not be too difficult. However, you still need to ensure your finances are organised as efficiently and effectively as possible. We can help you do that. Call us on 0121 313 1370 or email info@henwoodcourt.co.uk to arrange an initial discussion.
Retirement should be a very easy transition for you. This is the target score for an executive within five years of retirement. However, you still need to ensure your finances are organised as efficiently and effectively as possible. We can help you do that. Call us on 0121 313 1370 or email
info@henwoodcourt.co.uk to arrange an initial discussion.
It would be wrong to state that if you score more than 21 it will be impossible to successfully transition from work to retirement. Indeed, we have witnessed many workaholic executives go cold turkey and embrace retirement. But I have also seen this go horribly wrong.
However, we do believe that the higher your score the bigger the impact of retirement shock and the harder it will be to successfully transition from executive to retiree.
The average score having done this exercise with many executives is between 16 and 21. If you have scored more than 21, don’t worry, you’re not alone.
As you will be aware, a common trait among executives is to work hard and that often means long hours. It goes with the territory and for some, it’s a badge they are proud to wear.
The purpose of the test is to measure where you are now. This will go some way to helping you recognise how obsessed or preoccupied you are with work. It’s our view if you cannot measure something then you cannot change or improve it.
Once measured, you may plan how to reduce your score to help you to become more emotionally prepared for retirement.
If you scored highly in question four, for example, you could bring your score down by simply committing to never working after dinner, and instead do something with that time you’ve freed up for yourself.
