Finally you've made it. After years of work and dedication you're hanging up your boots and calling it a day on your career. This is the culmination of a lifetime of planning, preparing and investing and it's time to kick back and enjoy the retirement you've worked so hard for. But before you can do this you need to get your ducks in a row. Now that your salary is gone you need to put your hard ea... ››› more
One day you'll probably want to just quit your job and live the rest of your days with the satisfaction of having a fat bank account that'll keep you going until you pass away… Of course, the big question is how can you make sure it happens? Well, I've got a technique that could make your investments in the stock market grow twice as fast. In this way you could wake up one day with the dream ret... ››› more
Planning adequately for your retirement has never been harder. It seems the days are long gone when your employer would plough money into a pension scheme on your behalf or even provide you with a pension scheme to contribute into. This means that it's down to you to plan for your golden years…
Can you answer this simple question: Will you be able to retire?
There are probably very few peop... ››› more
There are so many pension and retirement products out there, it's a minefield. It's difficult to know which option suits you best. If, like many South Africans, your employer doesn't provide a pension package or you're self-employed, a Retirement Annuity might be the perfect retirement tool for you…
Retirement Annuities (RAs) were first introduced in South Africa in 1960 as a way to encourage ... ››› more
We've all heard the mantra of planning for your retirement. “Just save more than you spend and you'll be fine,” or “Start saving early so that you can live well for the rest of your life.” I've seen people chant these tunes, but more often than not - there's no music at the end of the tunnel. That's because even though they might have a plan for retirement, it's fundamentally flawed. Th... ››› more
How do you know if you're really ready to hang up your boots? Emotionally you might want to quit your day job today, but financially, you might not be in the right place. That's why retirement shouldn't be an emotional decision. You don't want to retire before you are financially ready. After all you don't want to live longer than your money. So before you quit your job, make sure that you're t... ››› more
The average retiree depletes his retirement lump sum in just three years. Yes, the ‘he' is intentional: New research shows the average female saves even LESS than this. Ladies, here's how to make sure you're putting enough away for the golden retirement you deserve…
Sanlam's Benchmark Symposium shows that you most likely haven’t been saving enough money for the type of retireme... ››› more
You probably have a retirement dream. Whether it's teeing off every day at the golf course, or travelling overseas and exploring the world. Whatever it is, you dream of a future free from work and worries. But…if you're like most people, your dream could very likely become a nightmare… This is because people are often too busy in their lives to sit down and work out exactly how much they'll... ››› more
“The only sure things in life are death and taxes.” Here in SA, this common saying could be amended soon to include ‘retirement savings'. This comes as government announces its looking to force people to preserve their retirement benefits. Here's what it's planning to do…
Are retirement savings at the bottom of your financial priority list?
You’re not alone. After al... ››› more
If you're anything like the rest of the world, you'll have been actively ‘dis-saving' over the last three years. Confused? ‘Dis-saving' is when people spend more money than they take in. Ian Liddle, a chief investment officer at Allan Gray, says you need to change this instantly to make sure you're boosting your retirement savings any way you can to avoid a future with no savings. One of the t... ››› more
Ready to retire? Not so fast. Sanlam's Benchmark Symposium, which it'll release on 14 May, shows levels of saving for retirement continue to be low. So low, in fact, that Moneyweb says the average retiree depletes his retirement lump sum in just three years! Here's how to make sure you're saving enough to live comfortably long into your golden years…
Most people look forward to retirem... ››› more
With Telkom offering thousands of its employees early retirement packages this week, retirement savings are top of mind. After all, if you're like most South African's you're not putting enough away each month to save for a comfortable retirement! What could be worse that reaching retirement age and realising you have to keep working to save up a bit more cash? Here's how to get your retirement sa... ››› more
Yesterday's Budget Speech announced many surprising tax breaks and savings benefits. Key among these is an increased standard tax treatment for all forms of retirement savings. Here's an easy way to check whether your retirement savings are on track, no matter when you've started saving.
Pravin Gordhan’s Budget Speech had a strong focus on saving in the midst of a challenging local and global... ››› more
If you're investing money now to save for your retirement, you've probably already diversified your portfolio into equities and bonds. But bonds aren't looking as safe as they were a few decades ago, and there are signs inflation is on the rise. That's why you'll need to make sure you're investing in the right type of bonds to secure your retirement savings… Common wisdom dictates that as you ge... ››› more
Investors are taking advantage of tax benefits by making additional contributions to their retirement annuities (RAs) as the tax year draws near. That's a great idea; but boosting your retirement annuity once a year isn't enough to secure your retirement. Here are a few other tips you can use to get the most from your retirement annuity, no matter when you start saving for your retirement. Many p... ››› more
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