If you receive a regular income from an annuity or from a pension scheme, then you will normally not have any further decisions to make as regards your retirement income.
If you have invested in an Approved Retirement Fund (ARF), then you will need to periodically assess (a) the level of income that you draw down and (b) how your fund is invested. Independent advice can help you with these decisions.
For many people, their investment and risk profile should be altered in the years following retirement. While initially it is reasonable to keep up with investment trends, over time it may be worth considering a lower risk strategy.
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