This document discusses retirement realities and challenges. It begins by examining the psychology of retirement, including the transition process and factors that influence adjustment and well-being. It then looks at global retirement structures and trends in different countries. Specifically focusing on Ireland, it analyzes income and expenditure trends for Irish retirees and outlines different stages of the pensioner lifecycle. It calls for action to address issues like adequacy of defined contribution plans and lack of holistic advice throughout retirement. Recommendations include improving data collection, product innovation, options for private healthcare savings, and formation of retirement communities.