There’s no ‘one size fits all’ when it comes to retirement planning. In this post we’ve compiled the reasons why our three retirees chose guaranteed and/or living annuities.
Retire: A retiree’s investment journey – Part 3
Over the last 3 months three retirees have explained the investment decisions they made for their retirement. Now that they have retired they’re able to tell us how they are managing their expenses and continued investment strategies. A key insight is knowing the nature of money and how it reacts in different investment products
Retire: A retiree’s investment journey – Part 2
Don’t rush your investment decisions when you retire – take your time. Listen to other peoples’ experiences, read and ask questions. In the second part of this series, Rodney shares his experience of endowment policies, living annuities and guaranteed annuities.
Retire: A retiree’s investment journey – Part 1
The difficulty with retirement planning is that there’s no one-size-fits-all solution. Each individual’s retirement story is as unique as their relationship with money, decisions they’ve made, and past and present circumstances. Nevertheless, by sharing our insights, we can help others broaden their views, gain their own insights and start to shape their own retirement narrative.
Retire: Portfolio check-ins
Once you’ve set up a regular saving schedule for your retirement, the time magic starts happening. But it’s still a good idea to occasionally check in with your retirement portfolio – a tweak here and there can make a big difference over time. Here are some questions to ask the next time you view your statement.
Retire: Retirement myth-busters
The phrase ‘Saving Towards Retirement’ is loaded. There’s loads of information to wade through, and an undercurrent of fear that you don’t have enough. In my conversations I’ve started to pick up on some personal money myths that might be hijacking our reason.
Retire: A little Rand going a long way
While researching one of the Retire blog posts, I stumbled across the 2020 Alexander Forbes Member Watch study. The study takes a closer look at the behaviour of their members in employ of 2,500 South African companies. Amongst several grim realities, the study found that only 8.8% of members preserve their savings when leaving their ...
Retire: Both sides of retirement age
Broadly speaking, there are three types of people who walk amongst us. Those who will be happily clocking in for work at 90, those set on early retirement, and the rest of us, working towards retirement at 55 or 65. But what happens when plans change? How does your age affect your access to your retirement products?
Retire: Minimised living expenses = maximised retirement
The really nice thing about saving for a long-term goal, like a comfortable retirement, is that it requires us to do lots of little and doable things repeatedly over a period of time. For example, a daily jog and healthy diet can reduce our chances of costly lifestyle diseases in our old age. Choosing a ...
Retire: Inflation, interest rates and fees
Inflation, interest rates, and fees will all affect your quality of life in retirement, whether your financial plan consists of discretionary savings, a tax-free savings account, marrying into a wealthy family, investing in retirement products, or a healthy combination of all. The effect of these forces on your retirement savings become even more pronounced in ...