Age 60 and older Retirement
How to continue receiving an income in retirement is the largest financial challenge for retirees.
If you have been setting money down for retirement, it won’t be a problem.
You can enroll in an Income Drawdown Plan and receive a fixed monthly income by doing so.
The excellent thing about this plan is that after the contract expires,
you will still have access to the lump sum you deposited. Additionally, you can place the earnings from your investments in a Savings Plan account and get interest payments every month.
Due to the flexibility of the savings plan, you can access your funds anytime you need to. Once that’s taken care of, you can devote the remainder of your time to doing what makes you feel good and active.
