OPTIONS AVAILABLE TO YOU WHEN YOU RETIRE
Your retirement is an important milestone in your life. Most people hope to be able to maintain a reasonable lifestyle in their "golden years". The purpose of this guide is to assist you in investing the money you receive from the Political Office-Bearers Pension Fund prudently.
If you are retiring soon, the Fund will inform you of the total amount of your retirement benefit. Once you receive this, you will need to contact your administrator who will supply you with an option form. You will be required to complete this option form so that the administrator is aware of the option you have exercised.
On receiving this information, the two most important questions you probably have are:
- How should I invest my retirement money?
- What amount of monthly income can I expect to get from this investment?
Retirement options menu
UNDERSTANDING YOUR RETIREMENT RISKS
Having defined your needs, you need to consider what key risks you face in meeting those needs after retirement, and how you can manage these risks.
Most people associate the word "risk" with bad outcomes. However, the "flip side" is that taking risks also creates the opportunity for very good outcomes. In managing these risks, you should be most concerned about minimising the chance of outcomes that would cause you a great deal of pain and regret.
In the next section, we explain three important risks you must understand in order to best use your retirement savings to meet your needs.
The information contained in this site does not constitute advice by the Board of Trustees or by its advisors. If you need more information on how you can invest your retirement benefit, you should seek professional advice from a licensed financial advisor