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.

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.

Read: Expansion plans for Cape's premier retirement estate

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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