We continue our discussion around key questions that retirees should be asking themselves and what strategies they should be adopting.

Historical retirement planning meant only one thing; saving and investing every last cent and then living off this nest egg and hoping that you passed on before the capital was exhausted.

The Baby Boomer generation refers to people born in the 1940’s to the early 1960’s. Many of these folk have reached the traditional retirement age of between 60 and 65, and yet are refusing to, or are very reluctant to retire.

Do you ever wake up in a cold sweat at night wondering whether or not you will outlive your retirement savings? Rest assured that you are not alone. There is an old story about a client who asked his financial advisor if he had enough savings to finance his retirement.

Do you ever wake up in a cold sweat at night wondering, that if you retire to soon, you may outlive your retirement savings? But on the other hand, if you leave it too late to retire, you may not live long enough to enjoy your retirement. This is commonly known as the “Retiree’s Dilemma”.

We continue our discussion around key questions that retirees should be asking themselves and what strategies they should be adopting.

Historical retirement planning meant only one thing; saving and investing every last cent and then living off this nest egg and hoping that you passed on before the capital was exhausted. Potential retirees in the 21st century require a more thoughtful and innovative approach that’s personally tailored to their circumstances; aligning spending expectations with sources of income, longevity risks and lifestyle choices.