Clock ticking and not enough cash for retirement? You still have options
Pippa Hudson and her team hosted a live broadcast from Evergreen Lifestyle Village Muizenberg to mark Older Persons Week and talk all things retirement planning.
Retirement can be a daunting task to plan towards, but it doesn't have to be.
Only 5 percent of South Africans can afford to retire so you need to look over your options explains author & life coach Hilary Henderson pic.twitter.com/NRg4XI2VlV— Amy-Rae Rispel (@amyraerispel) October 10, 2017
Hilary Henderson is a life coach, specialising in supporting those who are making the transition to retirement.
She has published a handbook titled “7 questions to answer before you turn 65.”
Henderson offered advice for older people who have not yet secured enough funds to fully enjoy their retirement.
1. Start an encore career to supplement your retirement income
An encore career is an new, part-time, flexible career that begins after the age of 65.
2. Downscale and save
Down-scaling means moving to smaller accommodation that is less expensive.
3.Make your home work for you
Convert your home into an accommodation outlet by renting rooms to students or registering on Airbnb.
Retirement should be a lovely phase.Hilary Henderson, life coach
Retirement is about more than just financial planning and having enough money, Henderson explains.
However, it important for people to start planning for their retirement as early as possibile.
The earlier you start saving for retirement, the better.Hilary Henderson, life coach
Also read: Tips on how to master dating after 40
She explores the different experiences of retirement across, class, gander, race and culture.
Take a listen to her expert insights and advice:
Also listen to a nursing sister explain how you can keep healthy and enjoy retirement in top form:
on dating and purpose
This article first appeared on CapeTalk : Clock ticking and not enough cash for retirement? You still have options
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