MyMoney Online, Make Money Mondays

Why you must see an advisor 5 years prior to retirement (and 5 years thereafter)

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How much of your pension should you “draw down”?

Guaranteed or living annuity?

You need to box clever in the years before and after retirement.

The Money Show's Bruce Whitfield interviewed independent financial advisor Peter Calitz for his weekly “Make Money Mondays” feature.

Calitz discussed the vital five years prior to retirement and the equally important five years after.

Scroll down for quotes from the audio below.

I’m not a fan of guaranteed annuities at all.

Peter Calitz, independent financial advisor

If you’re drawing only 5% you’ll be fine.

Peter Calitz, independent financial advisor

You have to save 17% of your salary from the age of 25 if you want to retire at 65 and draw 4% of your capital each year.

Peter Calitz, independent financial advisor

Don’t be too conservative!

Peter Calitz, independent financial advisor

The default options are too conservative

Peter Calitz, independent financial advisor

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