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5 ways to make the most of your retirement

Posted on 1 May 2018

For a lot of us retirement is the first time (in a long time) where we have a new-found freedom to do what we want with no questions asked. But, it’s also a big change and can take some getting used to.

At first, retirement seems like something we’ve been looking forward to our whole working lives, but as it approaches and reality hits, all the excitement can turn into feelings of anxiety.

Some of the most common worries are around having enough money in later life, struggling with aspects of aging and being lonely.

If you make sure you are well prepared for retirement, you can ease your worries and it could end up being the best time of your life.

Make the most of your retirement

older couple cycling together

Plan your retirement’s pay days

Planning a predictable income is one of the main ways to make the most of your retirement. You don’t want to be left short for cash in the years to come, so plan ahead and make sure you have enough to cover your outgoings and fund the lifestyle you deserve after years of hard work.

mature lady laughing

Find hobbies you love

Note we said hobbies and not hobby. Hobbies have a load of benefits. They’ll fill your time and help keep you healthy – physically and mentally. The more hobbies you have, the wider your social circle will become.

Hobbies can be anything you like, from giving your garden a makeover to doing regular charity work or going to fitness classes at your local gym. Take a look at our retirees whose hobbies may surprise you for inspiration.

Be open to adventure

The best way to look at retirement is, if you don’t do the things on your bucket list now, then when will you do them? If you find yourself thinking ‘I’d love to do that one day’ then retirement is absolutely the time to do it.

For many people, retirement is the time that they do everything they never had chance to do before because of work or their kids. Those excuses won’t work in retirement. This is your time!

older couple snorkeling on holiday

Set some goals

Your retirement plan should include something other than a 30-year long weekend. Having a set of goals in place will keep you focused and looking to the future.

Think about everything you still want to achieve and write it down. Plan out your goals over the next year or even the next few years. Do you want to learn a new skill, travel or get back into an old hobby?

Fill up your diary

Whether it’s with your family, friends, partner or even by yourself, try and keep your calendar busy. Booking time out in advance to do things is like it is in any time of life, it gives you something to look forward to.

grandmother and granddaughter baking together

As you approach retirement, there may be all kinds of thoughts going through your head, mixed with lots of hopes and fears for the future.

If you’re looking for extra cash during your retirement, you might want to consider equity release. Planning for retirement is one of the main ways people spend equity release.

Find out more about The SunLife Over 55 Equity Release Service

For more information and to check your eligibility, call on 0800 633 5566 or request a call back.

SunLife offers a range of straightforward and affordable products including over 50s life insurance, funeral plans, equity release, pet insurance, home insurance, car insurance, ISAs and Will writing services

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife? 

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). Phoenix Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority and is entered on the Financial Services Register (registration no. 110418). As part of SunLife’s commitment to quality service and security, telephone calls may be recorded.

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan the funeral services are arranged and provided by Dignity Funerals Limited. Dignity Funerals Limited is a company registered in England and Wales No. 00041598. VAT registered No. 486 6081 14. 4 King Edwards Court, King Edwards Square, Sutton Coldfield, West Midlands, B73 6AP. Telephone No. 0121 354 1557. Fax No. 0121 355 808. Part of Dignity plc. A British Company. Dignity is not authorised or regulated for this activity by the Financial Conduct Authority or the Prudential Regulation Authority but is a member of the National Association of Funeral Directors.

Who provides the Funeral Plans?

The funeral services are arranged and provided by Dignity Funerals Ltd which is not authorised or regulated for this activity by the Financial Conduct Authority or the Prudential Regulation Authority but is a member of the National Association of Funeral Directors.

The life insurance policy that pays for your funeral will be provided by Phoenix Life Limited, trading as SunLife.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides Family Life Insurance?

SunLife Family Life Insurance is provided by Scottish Friendly Assurance Society Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Details can be found on the Financial Services register (registration number 110002). Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ. 

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.