Retirement Planning

Some of us would like great wealth in our retirement, whilst others would purely like live comfortably. Whatever your choice, you need a properly structured plan to help get you there. The last thing you want is to end up a pensioner relying on the goodwill of the State and your family.

Are you self-employed?

Then its up to you to manage your retirement funding. On the one hand, this offers certain benefits or advantages. you are able to structure your funding according to your personal requirements - e.g. the younger you are the more risks you can take. The main factor is that you are free to structure your own portfolio. On the other hand, you need an enormous amount of discipline to save correctly along with some sound advice.

Are you employed?

Then don't be fooled into thinking that your pension fund will be more than adequate to retire on. It probably wont be. For every year you delay, you are increasing the cost of reaching your target. Start now and make compound interest work for you! Remember in order to retire, you will need 10times your annual salary. Today's stats show that only small percentage of South Africans can retire and enjoy the same lifestyles.