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MONDAY MULTIPLE

Rethinking retirement

The days of a long, uninterrupted accumulation phase followed by a 30-year retirement might be over
Monday, January 9, 2017 - 05:50

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People who are out of work are taking a longer time to find new jobs, according to the latest figures. Moreover, unemployed people continue to outnumber job openings.

RETIREMENT planning used to go like this.

Once people start work, they embark on the so-called accumulation phase. Over 30 to 40 years, they maximise their earnings potential and save up their nest egg.

Then they retire and the drawdown phase begins. On average, people have roughly

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