Retirement summit: planning for an exciting chapter

A growing number of people no longer want to follow the traditional retirement path and are reimagining their working lives after retirement where they have the opportunity to follow their passion and purpose. “Lifetime aspirations sometimes find their home at retirement,” revealed Sherlock, adding that this requires planning as you develop your journey map to retire “to” something. 

Dr Michael Mol, speaker, business consultant and founding director of Hello Doctor, put the spotlight on health and wellbeing in retirement. Just because you are not sick, does not mean you are healthy, said Mol, adding that health is not a default setting but is something that needs to be actively pursued. 

The three things we all need to pursue are eating healthily, sleeping for the required number of hours and, most importantly, moving. Exercise, he stressed, is critical for a healthy life. A sedentary life will cost you in old age. 

PPS Investments executive for marketing and business development Anil Thakersee discussed investing for retirement. Rand weakness, he explained, has little to do with SA’s fundamentals and is primarily influenced by global factors. As a result, forecasting the rand is almost impossible and highly inadvisable. 

“In terms of opportunities, over the long term, SA has three key opportunities: we are a commodities-rich economy; we have a relatively young population, and this demographic will to some degree provide a demand underpin for the economy as we integrate more and more people into the formal economy; and lastly, our position at the top of Africa provides a unique advantage if we can capitalise on this and supply goods and services into Africa,” he said.