How to plan for the perfect retirement #10 Fear of outliving your retirement funds
Bizarre as it may seem, many retirees are more fearful of living than they are of dying – and with good reason! Thanks to modern medicine, you could live anything up to 30 years past the point at which you stop working, which leads to concerns around whether you’ve saved enough to last through your retirement years.
This is one of the reasons for the rise in popularity of the Life Right in South Africa. It allows retirees to accurately plan for the future because levies are transparent and calculated up to 2 years in advance. Another advantage of the life right is that one can acquire a home at significantly lower cost, than if one were purchasing the property outright and paying market related prices. That’s because the cost of a Life Right is linked to the percentage of capital returned to the retirees’ estate on termination of the contract.
Click below to read more:
- Where would you like to live?
- Pride & Prejudice
- Letting go of the past
- Vulnerability to Crime
- Prevention is better than Cure
- Health Matters
- Aging in Place
- Loss of dignity
- Loneliness and isolation
- Fear of outliving your retirement funds
- Read full blog
At Evergreen Lifestyle we’re committed to ensuring that retirement is a happy and fulfilling chapter of one’s life. We have been working with the Life Right purchase model since 2008, and believe that we understand it better than most.
To find out more about how we can help your parents to retire happy, and free from the stress of financial worry, please contact contact Sharon today on 087 808 7000 or email info@evergreenlifestyle.co.za.