Addressing retirees' fears of running out of money is essential for enhancing their quality of life. One of the biggest fears for retirees is running out of money during retirement and the impact this may have on their quality of life. With this in mind, many retirees only draw down the minimum of their account-based pension and lack the confidence to spend their retirement savings. They later regret being overly frugal in their early years of retirement. This is called ‘Regret Risk’.
Read MoreWhen planning for retirement the first step is to provide a cash reserve and the second step is to establish a secure income. A secure and stable income will provide you with peace of mind that you are able to cover your everyday living expenses.
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