Planning for your impending retirement isn't an easy task. After the financial crisis, many investors are worried about what the future holds on the markets. But there is a way you can invest your money for retirement and reduce your risk. This retirement plan does this by starting with a solid base. Let's take a closer look…
Retirement plan step #1: Risk
All investors have different attitud... ››› more
When you reach retirement age, one of the things you want more than anything is to travel.
Now is your chance to travel the world, or at least see a few of the places you always wanted to see, but never managed.
But what happens when your retirement income doesn't allow you to travel as much as you would like to?
All those trips you have planned are quite expensive and unless you managed... ››› more
When you think of retirement, you probably imagine it to be the most relaxing, carefree period of your life, a time of bliss and freedom. Yet, this is not always the case.
Retiring can be quite a challenging time for some people, especially for those who have focused all their energy on their work.
For people whose work provided a self-esteem boost, confidence can become quite shaky once th... ››› more
If you're decades away from retirement, you're probably not putting in much effort in planning for that period. But the closer you get to retirement, the more you'll wish you had started planning and saving earlier.
Planning for retirement is extremely important if you want to enjoy your golden years to the fullest. Lack of planning can lead to a chaotic lifestyle once you reach retirement and ... ››› more
Trying to ensure that you have enough money in your retirement pot can be an arduous task.
You don't want to get to a year before retirement to find out you have a large shortfall in your savings.
And that's where the ‘annuity factor' comes in. This can help you work out how much you should be putting away a month to achieve your retirement goals.
Read on to find out what to do…
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It is generally believed that you should save at least 10% of your income for retirement.
How much you need to save in order to have a happy, comfortable life during retirement depends on many factors, including: the age when you start saving money, your forecasted monthly expenses, and whether or not you have other sources of retirement funds.
It is best to start saving for retirement as e... ››› more
Whether you're close to retirement or have a long way to go, it's never too early to begin investing and saving for the golden years. Actually, the sooner you start, the better.
Not even one quarter of retirees feel that they have enough money to live comfortably during this period, so it's important to plan ahead wisely and prevent mistakes that could cost you dearly once you do retire.
Her... ››› more
If you're already ploughing money into a pension fund, that's a great start. But how can you expect your pension to perform over the years? After all this affects how much your pension pot is going to grow over the years. And it ultimately affects how much money you have once you retire. Let's take a closer look…
What performance to expect from your pension fund
Your pension fund provider mi... ››› more
To be happy and financially carefree in your retirement years, you need to carefully plan ahead, invest, and make smart choices.
The retirement years can be the happiest of your life if you have a reasonable income to live comfortably. That's why it's so important to start saving for your retirement while young and to not rely solely on company pension plans.
Since many soon-t-be-retirees a... ››› more
Saving for your retirement is no easy task. Yes the earlier you start, the better your chance of having a more comfortable retirement. But problems will still remain.
To achieve a comfortable retirement, you need to save a lot of money. And you need to see your savings grow above the rate of inflation. Otherwise they're just wasting away.
So how can you achieve this? And how can you do this ... ››› more
After a rocky start at the beginning of the year, the market has continued to climb. Again the Johannesburg Stock Exchange has been hitting new highs. Could a correction of say 10% to 20% be around the corner? It's always a possibility. So it's crucial to protect your investments, especially those you have earmarked for your retirement. And the closer you are to retirement age, the even more cruci... ››› more
Once you reach retirement age, you'll most likely have a couple of options to make about your future. Like many people, you may opt to buy an annuity with your pension pot. At first glance you might not think you're getting a lot for your money, but there are some benefits to opting for an annuity. Let's take a closer look at the pros and cons…
The income from an annuity
Over the years, annu... ››› more
It appears that nothing about preparing for retirement is easy. But as with most important things in life, it's all comes down to the planning. If you've decided you're going to buy an annuity with your retirement savings, what are your options? There are a wide array of annuities to pick from. Let's take a closer look at five of the most popular…
Annuity #1: A level annuity
This is the most... ››› more
Arguably, one of the best ways to prepare for retirement is to have a few different means at your disposal. This gives you some diversification and reduces your risks if something untoward was to happen to one of your plans. For instance, you may have a retirement annuity, a pension scheme through your job and a bumper savings account. And if you haven't thought about it before, you can put some m... ››› more
You probably have a good idea of what you'd like to do once you retire. Perhaps you want to travel. Maybe spend more time with your family. Or perhaps get that fruit and vegetable garden really going. But have you thought about how you're going to get there? More importantly, have you financially planned to get there? Read on to find out what you need to do to get started…
Retirement planning... ››› more
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