Retirement can be a splendid time to put your feet up, relax and savour the fruits of your career. For many people, however, the transition from full-time employment can be very unnerving.

Although most people feel financially prepared to give up work, there is an emotional dimension to retirement planning that is often neglected. As with all change, people need to ease into a new role. There are two important questions pre-retirees need to ask themselves.

Firstly, consider when would be the best opportunity to stop work and choose a time that is right for you, not for others. Although 65 is the generally accepted age, there is no reason why you cannot retire at 35 if you have the means and desire to do so.

Visualise your life off the job and imagine how you would feel if you were not working. If you think you would be bored within six months, maybe all you really want is a holiday.

Next, consider how you are going to spend the extra time. A popular option is to continue working on a part time basis. If this appeals, you will need to decide how best to structure your work skills and contacts well before you propose to make the transition.

For some people taking on freelance work, or becoming an independent consultant may ease the move into semi-retirement. As an independent operator, you will have the freedom to pick and choose your work. It is important, however, to keep developing your skills in order to remain attractive in the market. To continue working beyond 65 you will need to stay up-to-date with new technologies, philosophies and work practices in order to successfully compete.

People often have a vague picture of what they would like to do when they retire. If you have dreams of travelling, or starting a big project, consider the financial demands. The income you accumulate now may have to last you another 20 or 30 years. Identify what you would like to do and put a savings or investment plan in place to achieve your goals.