How to plan for retirement and make your money last longer

Kaya Biz

People across the world are living longer, with economists forecasting that living to 120 years is now an imaginable concept within the next decade. Furthermore, the World Health Organisation (WHO) predicts that by 2030, one in six people worldwide will be aged 60 or above, and the number of individuals aged 80 years or older is expected to triple between 2020 and 2050 – reaching a staggering 426 million. Given the implications of an ageing world and people living longer, there is a very real risk that investors could run out of money during retirement.
Lise-Mari Crafford, head of ManCo Distribution at Allan Gray, joins Kaya Biz to discuss how investors can prepare for a successful transition from working life to retirement and shares tips to make your money last longer. Kaya FM