Anyone retiring, or being retired, will initially worry about what their retirement income will be.
Generally people require more income at the outset as most people spend more money earlier in their retirement and less money later in their retirement.
This of course could be different if you required care later in life.
On the basis though that most people are still very busy in retirement.
When people are busy it usually means that they are also needing to spend money on one thing or another.
It could be that you need your pension lump sum to pay down a mortgage or loan or you may even need the income to continue to fund the mortgage.
One option is to think about how you draw down your pension income it may be that you want to buy an annuity all at once.
It maybe that you do not need all the income from day one, if for example you are reducing your hours at work.
Phasing your retirement can be a good option to make your pension income last longer.
You need to think about the amount of income that you need to pay off any debts and the income that you are likely to need in the early years of retirement.
Once you have had an opportunity to think about this (and the best way is always to write down on a list what your bills will be) then it makes sense to talk to somebody about what income you could expect to get from your pension fund.