A level of income which does not meet your needs or expectations for retirement.
2. A risk of having to return to work due to financial shortfalls – in the UK this scenario has been dubbed ‘the great unretirement’ due to increasing numbers of over 50s returning to work.
3. Inability to avoid healthcare costs as you age, particularly if you are an expat who does not qualify for state-funded services.
4. Missing out on investments and savings strategies that could add more comfort and security to your life.
5. Potentially reduced inheritance for your loved ones.
6. Less time to enjoy your later years due to having to work longer than you intended, plus the unnecessary stress and worry this will bring.
7. Reduced ability to manage financially due to unforeseen emergencies or unstable financial markets.