Retirement income specialist Just SA and discretionary fund manager MitonOptimal have collaborated to create a managed retirement solution that includes a guaranteed life annuity for advisers and clients - a first of its kind in South Africa.

Inflation is like rust on a car. At first, you might not notice it. Over time, it slowly spreads, and by the time you see it, the damage is more extensive than you realised. Just like rust, inflation can creep up on you, causing significant issues if not addressed early.

While assumptions are a necessary part of retirement planning, do pay attention to them and consider how your circumstances might evolve over time and whether they are, in fact, ‘best guesses’.