When the family gets smaller
Retirement can be an opportunity to look back on happy memories and accomplishments in life. At the same time, it can be a period of intense change in our families or circle of friends.
As children move out or grandchildren are added to the family, or if we experience the loss of a partner, this can also have an impact on income and expenditure.
Retirement thus presents us with major challenges, but it also gives us the opportunity to act with foresight and make provisions for a good future. Pensions are usually lower than the pay we receive during active employment (like a salary). Therefore, as we retire, it becomes apparent that it was sensible to make financial provisions for the future (or would have been sensible). Smart financial planning is crucial, as it not only ensures our own financial protection but also the one of our family. Funeral costs are often in the four to five-digit euro range, depending on arrangements. By drawing up a last will and testament early on, we can ensure that our assets are distributed in accordance with our wishes and that our loved ones receive an orderly inheritance. Forward-looking financial planning therefore makes a significant contribution to financial security for ourselves and future generations.
