Losing connection is one of the biggest risks retirees face, not running out of money. Friendships require intentional investment because relationships compound over time, just like investments do.

Downsizing can come with significant costs including Vat, estate-agent commission and compliance certificates. Selling your primary residence may also have tax implications, contrary to the common assumption that it is always tax-free.

Many retirement planning mistakes are difficult to reverse once you stop working, which makes professional advice valuable before major decisions and during seasons of market uncertainty.