The 'Are You Ready For Retirement?' Quiz - Arbuthnot Latham

So how do you know if you’re really ready to take the next step?

Take our six-question quiz to find out if your dream future is achievable.

1. How do you think you'll retire?

a. I'll cut the cord. One last day and that will be it. b. I’ll transition to a portfolio career and take on some other roles rather than fully retire. c. I’ll ease into it by reducing my hours at work over a period of time. d. I’m not sure yet.

2. Where do you want to live in retirement?

a. I’m planning to stay put. I worked hard to pay off the mortgage and now I want to enjoy the space. b. I’d like a life in the sun - I’m planning to retire abroad. c. I don’t need so much space now. I’m thinking of downsizing to something a little easier to manage. d. Eventually I’ll want to move to a retirement community, but on my own terms.

3. What are you looking forward to in retirement?

a. I want to spend it with my friends - I’ll have a busier social life than I do now. b. I’d like to turn my hobby into a part time business. c. I have a bucket list of adventures planned all over the globe. d. I want to spend more time with my family.

4. Do you know how much income you’ll need?

a. I have a good idea and I’ve been saving/investing towards retirement. b. I have a rough idea, but I think the drop in income will be a shock initially. c. I don’t really know. I think I’ll have enough if I’m careful. d. I haven’t thought about it much.

5. What will you miss most when you retire?

a. I’ll miss my colleagues. b. I’ll miss the fast-paced energy of the workplace. c. I worry I’ll lose the sense of purpose that work brings. d. I’ll miss the regular income.

6. What will you splurge on?

a. I want to help my (grand)children with education/wedding costs. b. I’ve always dreamed of owning a classic car. c. I'll splurge on a big holiday. d. I'm not the splurging type.

You are...

Mostly As

In control and organised

It sounds as though you’ll be ready for retirement when it comes. You have made some plans and have a good idea of how you’ll spend your time – and who you’ll spend it with. To make sure you can make the most of your time in retirement, speak to one of our wealth planners to ensure you’re making the most of your finances.

You are...

Mostly Bs

Adventurous and energetic

Wow. You’re really planning to make the most of your retirement. It sounds like you’ll be busier in retirement than you are now. To ensure you can enjoy every minute, careful planning and having a timeline for your decisions now will help you live the life you want tomorrow - and make sure you can afford to do everything too! Find out how our wealth planning team can help you.

You are...

Mostly Cs

Cautiously optimistic

You might be worried about losing a sense of who you are as you retire, but remember you are more than your job title. Spending some time now to think about the things you want to achieve before and after you retire could help you visualise your future and the things that are most important to you. Your retirement will hopefully last a long time. Make sure you fill it with the things you love. If you’d like to discuss your retirement strategy and understand your options, including how to maximise your retirement income, speak to one of our wealth planners today.

You are...

Mostly Ds

Open to options

You may not have considered retirement yet, it might still be a way off. However, the earlier you plan, the more choices you’ll have when the time comes to consider this in more detail. Why not discuss your future with your loved ones to see if you’re aligned in terms of plans for life beyond work? You might just surprise yourselves. If you would like to see what your financial future might hold, our cashflow modelling tool lets you build different scenarios to visualise what options you might have. Find out how our wealth planning team can help you.

You are...

A bit of everything

You carve your own path. Maybe you have some plans in place but want the flexibility to change these over time. Taking control of your financial future now may give you the freedom to explore different options in the future. Our experienced wealth planners can help you look at the various options and help you visualise what your future could hold.

Take control

Prepare for your retirement by booking a consultation with one of our experienced and qualified wealth planners now. We are delighted to offer an initial consultation at our expense, with a fee only being charged if any advice is formalised.

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