nottheaverageactuary

Actuarial news and views from Cape Town and beyond

YOUR FINANCES IN YOUR 60S AND BEYOND

2 Comments

You do not have to retire at 60 after all, since there is no mandatory age of retirement. Here is an interesting article that advises what you should consider when that age approaches- which is a long way for most of us.

Beyond age 60 you may be able to find part-time work, consult or do project-based work. “This can also keep you busy and interested in things – proven to boost happiness and mental activity.”

http://www.moneyweb.co.za/moneyweb-the-burning-question/your-finances-in-your-60s-and-beyond

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2 thoughts on “YOUR FINANCES IN YOUR 60S AND BEYOND

  1. Hey Wandile, this is actually a huge interest area of mine – I think that the idea of a long, idle retirement is becoming outdated, and that the value you can get from work is huge (money and fulfilment!). So yes, I don’t think you lot will be retiring at 60. You might start a new career though!

    • I know a few people that have started businesses in their old age. This does help them remain active and reduces the burden on their family members. Retiring at age 60 is a bit too soon. There is a lot of knowledge and experience that could be shared with young workers when one reaches 60 and above. Plus with the rise of inflation, one might need to work so as to be able to maintain the same standard of living before retirement.

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