Retirement Archives - Nudging Financial Behaviour

Let's recap some of the key points to ensure you understand all your retirement options and make the best decisions with your money.

A blended annuity is a combination of a living annuity and a guaranteed annuity. The idea is to determine what your essential expenses are.

With a living annuity you have less certainty but more flexibility. With a guaranteed annuity you have more certainty, but with some limits.

Different types of guaranteed annuities give you different increases each year. Compare that to your starting income.

Guaranteed annuities are essentially an insurance product. They guarantee you an income for the rest of your life!

With living annuities - the most important thing is that you understand the implications of how much you're withdrawing each year.

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.

This is the first post in a short video series covering everything you need to know to start preparing for retirement!