even 30 | general manager of retirement solutions at Generation Life | have come a long way in recent years. Every lifetime annuity now pays a death benefit - either passing on the income stream to a spouse or paying a lump sum to other beneficiaries. More recently | instead of relishing retirement. This has fuelled regret risk. That's when retirees realise all too late that they've missed the boat to go harder on super savings at an early stage | Investing | investment returns and the income received are tax-free. Even better | It's the hidden trap that sees many retirees wish they could turn back time. Patrick Clarke | it's worth taking a fresh look at lifetime annuities. Coupled with an account-based pension | Sponsored | when they were better placed physically to enjoy the lifestyle pursuits we dream of in retirement. Fortunately | which are offered by some super funds as well as leading life insurance companies like Generation Life | years of retirement. Retirees often try to reduce longevity risk by saving their savings - living frugally
Retirement income – avoiding ‘regret risk’
By Patrick Clarke Published on March 30, 2026
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