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Rethinking retirement
The days of a long, uninterrupted accumulation phase followed by a 30-year retirement might be over
Add BT as a preferred sourcePublished Sun, Jan 8, 2017 · 09:50 PM
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 20 to 30 years to spend their savings before they die.
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