Retirement income planning

Navigating any landscape begins with knowing where you are, where you want to go and what your perspective is. The same concept applies when choosing a retirement income solution that will see you through the rest of your days.  

Retirement is probably the only time you can justify spending your life’s savings. With current laws requiring that pensioners buy a living or life annuity product with at least two thirds of their retirement savings when they retire, it’s also likely to be a gift that you buy yourself and may not be wrapped as you would expect.

Just SA introduces an Advance feature for its with-profit annuity solution, Just Lifetime Income (JuLI). This innovation is designed to better suit clients’ retirement risk profiles. With JuLI Advance you can enjoy a higher starting income which never decreases and continues for life — no matter how long you live. 

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’. 

Achieving a comfortable retirement requires careful consideration, financial planning, and informed decision-making. And there’s no better time to start preparing than February, also known as retirement season. But where do you start?

If you are approaching retirement, we hope you consider using some quality time with family and loved ones to connect and discuss your future retirement plans with them.

This is the fifth article in a series on planning for retirement, which looks at late retirement and the often opposing goals of having a lasting income and leaving a legacy. Our first article looked at pre-retirement planning considerations, the second looked at navigating the transition phase of retirement, and the third explored the active or ‘go-go’ phase. In the fourth article, we looked at the passive phase of retirement.

World Alzheimer's Day on 21 September marks a good opportunity to think about the future and how to plan for the potential challenges of Alzheimer’s in retirement while you, or your loved ones, still can.

The fourth article in a series on planning for retirement, looks at the passive phase of retirement and making sure your retirement funding goes the distance. Our first article looked at pre-retirement planning considerations, the second looked at navigating the transition phase of retirement, and the third explored the active phase.