New family dynamics
Your children are beginning their own lives and the family home can seem empty. Downsizing can be a smart financial move freeing up equity for retirement, as well as being more appropriate for your new dynamic.
Planning for the future
As family life changes and you start to think about stepping back from work or retiring completely, you'll want to make sure any decisions you make are backed by solid financial plans.
Planning for the future
You are at the turning point of life about to turn the page from one chapter to the next. Planning your next steps around career, home life, and retirement decisions are essential — time to reflect on your stage of life and assess options moving forward.
Debt free
Having finally paid off the mortgage and having no dependents can feel like an enormous relief. You can now focus your efforts and resources entirely towards retirement.
High liquidity
You may decide to use your liquidity from a lack of mortgage payments to either continue with capital growth investments or shift to yield assets — depending on your risk appetite and retirement timeline.
Career opportunities
Having become an expert in your field, you likely have access to alternative streams of earned income such as consulting or non-executive directorships — an excellent way to top up the pension pot.