 Hey guys, it's MJ the student's act tree and in this video. I want to talk about post retirement risks Now, let's say you get to that ripe old age when it's time to retire And I'm sure you're gonna be pretty happy You're no longer a corporate slave and you have enough time to do things like read books and travel and do all that type of fun stuff And you've been setting aside quite a bit of your money, you know month in month out and you've got yourself a nice little nest egg Unfortunately for you. You are still exposed to a whole bunch of risks The first one is longevity risk and this is the risk that you outlive your savings so you set aside a whole bunch of money and Every year you take a little bit from it and you are still alive and there's nothing left for you to take and This is a big problem. So this is longevity risk when you outlive your money Another risk is market risk. So what you do is you say well I want to put my money into equities or shares so that it can you know somehow beat the longevity risk and While your money is invested in the market, you know We have a 2008 crisis or something happens like that and your portfolio plunges Now because you're gonna be also systematically withdrawing money It's gonna be very difficult for your investment to bounce back So you might say okay Well, I'm gonna put my money in a safe investment, but then you are exposed to inflation risk Remember, you're gonna be retired for up to around 30 years and inflation in those that amount of time can be quite Devastating so what you need to do is when you enter post retirement You need to look for a product that can protect you from all of these risks Whether it's annuities or various other investments So always consider these three key risks before making any decisions. Thanks guys so much for watching. Cheers