Your retirement hub

Retirement is not an end, it’s the start of something new. People retiring today expect to be much more active than previous generations but not everyone knows what they want to do when they retire.

It’s important that you prepare for the second life you want to lead. The best way to do this can be as simple as starting to speak about it with friends, family and of course your financial adviser.

You can use these tools to learn from other people’s experiences and picture yourself in retirement:

  1. View the Retirement Chats videos below
  2. Use the Second Life Questionnaire to visualise what retirement will look like
  3. In the first video, meet our End of Career Guidance Counsellor – part time life coach, part motivator and full time retirement specialist
End of Career Guidence Counsellor

You need JavaScript enabled to view this video

Planning ahead

Dave Wright

Please turn on javascript to view video

Dave retired in 2020 from a career in Print Production. A lifelong history enthusiast, Dave has now retrained as a Dublin historical tour guide. He talks to Brian about his Second Life and the steps he took to plan for it.

Retirement is different for everyone

Grainne & Louis

You need JavaScript enabled to view this video

Gráinne & Louis have approached retirement in different ways. In fact, Louis still only considers himself as semi-retired. They talk to Brian about managing their lives together and the importance of marking the moment.

 

Staying connected

Dave Bunworth

Please turn on javascript to view video

Retired Marketing Executive Dave talks to Brian about the importance of staying active in retirement and planning your social calendar days, or even weeks, in advance. They discuss networking strategies and ways to stay connected to friends.

 

Sense of purpose

Donal Behan

Please turn on javascript to view video

Donal retired early from the Air Corps and with so much time on his hands, chose to fill his Second Life working within his community. He is actively involved with the charity ‘ALONE’ and speaks to Brian about how to find your own Sense of Purpose.

It's not a switch that you flick

Don Buckley

Please turn on javascript to view video

Don talks to Brian about the importance of emotional readiness when it comes to retirement. Don’t just jump in, you need to spread yourself, try a number of different things and give yourself the time to discover what will work for you.

 

Coping with a health scare

Dave Bunworth

Please turn on javascript to view video

Dave continues his discussion with Brian, talking about a heart attack he recently suffered and how it has refocused his mindset in retirement. The importance of living for the moment and remaining positive.

 
 

The Big Count Down

  1. Start the conversation. Speak to your financial adviser, your friends and family about planning for your second life.
  2. Look at the figures. Get statements of your projected retirement values from all your pension providers.
  3. Check your State pension entitlements by contacting the Department of Social Protection.
  4. Read the Second Life GuideThis guide breaks down the product and planning information for your needs in the run up to retirement.
 

Time to review

  1. Start the conversation. Speak to your financial adviser, your friends and family about planning for your second life. The Second Life Guide can get you started, by breaking down product and planning information for your needs in the run up to retirement.
  2. If you haven’t already, register for My Standard Life online so that you can keep an eye on your pension value between now and retirement
  3. Check that you’re on track for retirement. Use the Pensions Authority's calculator to find out how much you’ll need in retirement and compare with your pension forecasts, is there a gap? If so, speak to your financial adviser
  4. Keep boosting those contributions. Remember you get the benefit of tax relief on your contributions. Contact your financial adviser today to complete our Pension top up form
  5. Consider how you’ll take your income. Use our tool to see if an Approved Retirement Fund (ARF) or Annuity is right for you
  6. Get your affairs in order. Check that you’re saving in the most tax efficient way, review your will and minimise the impact of inheritance tax
 

Decision time

  1. Start the conversation. Speak to your financial adviser, your friends and family about planning for your second life. The Second Life Guide  can get you started, by breaking down product and planning information for your needs.
  2. What’s the value of your pension policies? Contact your pension providers for statements so that you know what your pensions will be worth in retirement
  3. Are your investments performing? Should you consider spreading your investments?
  4. Are your pension policies with one company? Should you consider combining your pensions?
  5. Has your risk appetite changed? Your attitude to risk investment can change over time, try our risk questionnaire for details on your risk profile
  6. Increase contributions if you can and get the benefit of tax relief. Discuss with your financial adviser and complete our Pension top up form

Remember to contact your financial adviser before making any changes to your pension.