Making decisions about your retirement and pension isn't easy.
If you're young, it's hard to think about your needs when you reach retirement age. And as you get older, you'll start to worry you don't have enough money to last you through retirement.
One option you have is to save for retirement through a provident fund.
So what exactly is a provident fund? And what are the advantages an... ››› more
When it comes to thinking about retirement and pensions, some of the terminology can be confusing.
So let's get back to basics with pensions and have a look at the two types of company schemes: Defined benefit funds and defined contribution funds.
Here are the main differences between the two…
Defined benefit funds
One type of pension you may come across is a defined benefit fund.... ››› more
It's never too early to start planning for retirement. And this means thinking about a pension or another way of investing for your later years.
So what should you consider when it comes to finding the best pension solution for you?
Read on to find out…
The earlier you start planning for retirement, the better
Read anything about retirement planning and you’ll no doubt come acro... ››› more
If you're investing for your retirement, you may want to take bigger risks when you're younger and move into safer investments the older you get.
The idea here is that you can make up for any losses as you age. But this perhaps isn't the best way to approach your retirement investments.
Let's take a closer look…
Investing for retirement
When you’re younger, retirement seems ligh... ››› more
It's probably not a surprise to learn that many South Africans haven't adequately prepared for retirement and have little or no savings.
Saving for retirement is something that you need to do. How else are you going to support yourself when you're older?
You may think you don't have enough money to save towards retirement, but chances are you do.
Read on to find out more…
Stop was... ››› more
Have you been contributing to a pension fund? Or, do you know someone who has?
The report of the Registrar of Pension Funds put the value of unclaimed pension benefits at just over R20 billion. This amount steadily grew over the past five years.
In fact, the amount of unclaimed pension benefits has almost doubled since 2010 (R10.6 billion).
Whether you're owed R100, R1,000 or R10,000, it... ››› more
When you're saving for retirement (or other goal), the one rule you should never break is never touch your principal amount.
If you touch your principal amount, you're going to damage your future gains.
But once you get a bit older, there will come a time when you can break this rule. So how do you know when it's time?
Read on to find out…
If you’re nearing or in retirement
W... ››› more
Not having enough money for retirement is a worry many people have.
Do you feel you don't have enough money put away? Or have you not even started making any contributions towards your retirement?
Whatever your worries about having enough money for a comfortable retirement, you can sort it out within ten years.
So how is this possible?
Read on to find out…
You just need ten ye... ››› more
Your financial aspirations may differ from your friends or family. But one thing you'll no doubt have in common is you want to build a solid financial backing, especially by the time you reach retirement.
Having a solid financial backing gives you independence and peace of mind.
So how can you achieve financial freedom by the time you retire?
Read on to find out…
How much you need... ››› more
When you put money to work for your retirement, you face investment risk. This investment risk will depend on what assets you invest in.
It's easy to ignore risk and focus on how much your investments for retirement could return.
For example, if you invest in a unit trusts that's shown good performance over the years, there's no guarantee this will continue.
So what risks face your retire... ››› more
Investing for retirement isn't easy. There are so many aspects that can bring you worry. The biggest is seeing a good enough return from your investments.
One way to tackle this is to apply asset allocation to your investments for retirement.
So how does this work?
Read on to find out…
What is asset allocation?
Asset allocation is how you split your investment cash across diffe... ››› more
Once you know how much money you need in your retirement savings when you stop work, have you checked if you're going to achieve it?
And what is the best way of checking?
Read on to find out…
Are you saving enough for retirement?
Once you know how much money you need in your retirement savings (read this article if you don’t), it’s vital to check you’ll achieve this goal.
... ››› more
If you don't spend time now calculating how much money you'll need when you retire, you may end up living a poorer retirement than you thought.
It's worth taking the time now to see how much you need so you can work towards having enough money when you get to retirement age.
The longer you leave it, the harder it will be to achieve.
So how can you calculate how much money you need in your... ››› more
Ensuring that you save enough for retirement isn't easy to achieve.
The last thing you want is to get to retirement age and not have enough money to keep you going through your later years.
So what can you do now to help you achieve your retirement savings goals?
There are two ways you can go about it.
Read on to find out what these strategies are…
Boost your retirement saving... ››› more
Trying to plan for your retirement can be a minefield. There are lots of decisions to make and the worry that you might not have enough money to tide you over.
One popular option (and depending on your retirement planning, a must) is to buy an annuity at retirement. Whilst this does have its downfalls, it also has many upsides.
Let's take a closer look at why buying an annuity at retirement ... ››› more
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