What are my options at retirement

Retirement options

Let's recap some of the key points to ensure you understand all your retirement options and make the best decisions with your money.
•March, 2023
Blending living and fixed annuity

Blended annuity

A blended annuity is a combination of a living annuity and a guaranteed annuity. The idea is to determine what your essential expenses are.
•March, 2023
Which retirement annuity should I take

Living vs Guaranteed

With a living annuity you have less certainty but more flexibility. With a guaranteed annuity you have more certainty, but with some limits.
•February, 2023
Types of lifetime income

Different types of guaranteed annuities

Different types of guaranteed annuities give you different increases each year. Compare that to your starting income.
•February, 2023
Fixed annuity

Guaranteed annuities

Guaranteed annuities are essentially an insurance product. They guarantee you an income for the rest of your life!
•February, 2023
Living annuity in retirement

Living annuities

With living annuities - the most important thing is that you understand the implications of how much you're withdrawing each year.
•February, 2023
Retirement decisions

How much cash do I take?

The first question you'll ask at retirement is "how much cash do I take"? Let's help you answer that with this 4 minute video.
•January, 2023
Video series on preparing for retirement

Preparing for Retirement

This is the first post in a short video series covering everything you need to know to start preparing for retirement!
•January, 2023
Representative heuristic

Stop stereotyping

Representativeness heuristic refers to the fact that we stereotype. It’s a mental shortcut. But beware of making unfounded comparisons.
•November, 2022
risk and uncertainty in economics

Learn to deal with uncertainty

Risk and uncertainty will always surround us. Gambler's Fallacy, the hot-hand effect, the law of small numbers & ambiguity aversion are just some of the biases that arise because of it.
•September, 2022
Availability effect definition

We prefer wrong information to no information

Availability bias and survivorship bias influence our decision-making. We make decisions based on the information available to us.
•May, 2022
Primacy and recency effects

The power of first impressions

The order of information influences your decisions. First impressions matter! It's all got to do with primacy and recency effects.
•April, 2022
Hyperbolic vs exponential discounting

The problem with wanting it NOW

When you delay instant gratification, you will experience long-term satisfaction. That's hyperbolic vs exponential discounting. Don't let present bias win!
•February, 2022
Proctrastination is the enemy of success

Procrastination is the enemy of success

We know procrastination is the enemy of success. But while it looks like laziness, it's often just mental exhaustion at play. Learn how to overcome procrastination.
•November, 2021
How to improve self control

How to improve self-control

Self-control is an essential life skill. It's what separates humans from the rest of the animal kingdom. Learn how to improve self-control to achieve your long-term goals.
•October, 2021
The endowment effect and IKEA effect

What’s mine is more valuable

In this post, you'll learn why you place extra value on things you already own. The endowment effect has implications for our investment portfolio, bonuses and consumer behaviour.
•August, 2021
Sunk cost and the concorde effect

When the past influences the future

The Concorde effect is a famous example of sunk cost investment. Too often we invest time, money and energy into something we should've just abandoned.
•July, 2021
Examples of regret avoidance

Regret | It’s not a nice feeling

Regret influences the decisions we make and pushes us to conform to social norms. Examples of regret avoidance show us how this makes complete sense yet no sense at all.
•June, 2021
Default options and status quo bias

The danger of the default

Default options nudge us to make better decisions. The option of opting out also respects freedom of choice. This post unpacks this notion of libertarian paternalism and the perils of status quo bias.
•April, 2021
Anchoring effect examples

Anchors pulling you down?

Anchoring bias is a straightforward behavioural bias that causes us to focus on a certain initial value and then make decisions with reference to it. This post looks at some examples of this anchoring effect.
•March, 2021
1 2
What are my options at retirement
/March, 2023/, ,

Retirement options

Let's recap some of the key points to ensure you understand all your retirement options and make the best decisions with your money.
Blending living and fixed annuity
/March, 2023/, ,

Blended annuity

A blended annuity is a combination of a living annuity and a guaranteed annuity. The idea is to determine what your essential expenses are.
Which retirement annuity should I take
/February, 2023/, ,

Living vs Guaranteed

With a living annuity you have less certainty but more flexibility. With a guaranteed annuity you have more certainty, but with some limits.
Types of lifetime income
/February, 2023/, ,

Different types of guaranteed annuities

Different types of guaranteed annuities give you different increases each year. Compare that to your starting income.
Fixed annuity
/February, 2023/, ,

Guaranteed annuities

Guaranteed annuities are essentially an insurance product. They guarantee you an income for the rest of your life!
1 2 3 … 6

About the Author

I am passionate about helping people understand their behaviour with money and gently nudging them to spend less and save more. I have several academic journal publications on investor behaviour, financial literacy and personal finance, and perfectly understand the biases that influence how we manage our money. This blog is where I break down those ideas and share my thinking. I’ll try to cover relevant topics that my readers bring to my attention. Please read, share, and comment. That’s how we spread knowledge and help both ourselves and others to become in control of our financial situations.

Dr Gizelle Willows



Dr Gizelle Willows

 

PhD and NRF-rating in Behavioural Finance