Chris Budd: The purpose of retirement

clock • 3 min read

Purpose is the line that runs through financial wellbeing like the proverbial stick of Blackpool rock (or Brighton rock for those down South), writes Chris Budd, and this is particularly true when a person retires. Here, the co-founder of the Initiative for Financial Wellbeing looks at how advisers can help their clients focus on wellbeing as they approach retirement…

Financial wellbeing on purpose One of the five elements of financial wellbeing is having ‘a clear path to identifiable objectives'. This is actually a pretty decent description for the process of financial planning.  Work out what you want from life, then spend your money on that.  In order to achieve this, however, we first of all need to know what we want from life - what makes us happy. This comes in two parts. Firstly, what does research on happiness tell us? What are the theories and principles that underpin wellbeing? We will explore many of these in my columns. The one ...

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