What experts want you to know about retirement
By Opinion
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Putting an unconventional spin on her top tip for retirement, Janet suggests you shouldnât retire â at least not in the traditional sense. â[Retirement] should be treated as an opportunity, if you have sufficient money, to incorporate flexibility into your lifestyle,â she explains. âThe clients that Iâve seen who embrace retirement and have done it successfully are the ones who continue participating in their community and in work to some degree.â
For richer, more meaningful retirement years, engage with different areas of life or different parts of your community, and donât allow financial worries to ruin this well-earned phase of your life. âWork with a financial adviser so that your cash flow requirements and your investment strategies are dealt with properly, and hand those over to them to get that worry out of the way,â she adds.
When planning your retirement, it helps to understand what you re investing in and why.
But investment jargon can be difficult to understand for ordinary people.
Fin24 spoke to three experts to decode frequently used terms.
Retirement planning starts with understanding the choices open to you – but this also means understanding sometimes-confusing jargon.
Fin24 spoke to three experts - Paul Wilson, chief investment officer of Glacier Invest, and Glacier business development managers Rocco Carr and Linda Blom – to decode some of the more frequently used terms.
Sequence risk
This is the risk of timing your retirement badly. Your retirement capital is most vulnerable to the impact of market drops just before or just after retirement. At these stages market volatility poses a serious risk to your investment.