There are so many things you need to consider when planning for your retirement.
Of course, there's the obvious retirement planning concerns, like how much you earn and how much debt you have but there are other factors that could leave you scrambling around trying desperately to build up your retirement savings.
To help you prepare for your retirement, I've found 20 of the most common ret... ››› more
When you're young, you have hopes and dreams for the years that lie ahead. Retirement seems a far off notion that you won't have to worry about now.
As you age and you creep closer to retirement age, the reality dawns that you may not be in a financially sound position to ever retire. Things aren't quite like you envisaged them.
But you can make changes now that will help you live a comforta... ››› 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
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
How much should you save for retirement? This question is on everyone's mind sooner or later.
You should perform a reality check on a regular basis before retirement, to make sure you are on the right track.
Most financial experts recommend that you save between 10 and 15 percent of your current income for retirement.
It’s important to set certain targets and milestones when to reasse... ››› more
Many people are clueless when it comes to their retirement savings. They don't know how much money they should save and they keep postponing retirement savings for the future, without considering the consequences.
How can you figure out how much money you need to save for retirement?
Start by determining your current monthly expenses and your net worth. You need to know how much money you’r... ››› more
If you're getting closer to retirement and trying to catch up on your savings, there's no better time to take action than now.
Saving for retirement doesn't have to be complicated. We complicate things by procrastinating, not saving enough, and not taking action.
If we started saving 10 to 15 percent of our monthly income for retirement in our 20s, we would be able to retire comfortably, wit... ››› more
If you're approaching retirement and still have a lot of saving to do, don't be alarmed: it's never too late to save more for retirement. Take action today and increase retirement savings, to secure your future.
Maybe you're a big spender or a procrastinator and that's why you haven't been able to save enough for retirement. Or perhaps life hasn't always been good to you and has made it impossi... ››› more
Everyone wants to retire comfortably and enjoy all the benefits that come with retirement: having time for yourself, time to pursue your hobbies and try new activities, traveling the world, and spending time with family.
Unfortunately, our plans for retirement will not be successful unless we work to make them happen. If you want to retire comfortably and happily, you must start preparing for t... ››› more
If you're approaching retirement and still haven't started investing in your nest egg, don't be alarmed. You can still catch up and save enough money to live comfortably during retirement, as long as you take this process seriously and start saving now.
If you need help catching up on your retirement savings, here are four ways to grow your nest egg starting now.
1. Start saving now
Not ... ››› more
Do you know how much money you need to save for retirement? Can you be sure that you'll have enough money to live comfortably and worry-free during retirement?
If you're already approaching retirement age, you should have a clear picture of how retirement will look like for you and how much money you need to have saved up until then.
Although there are no general guidelines when it comes to h... ››› more
By now, you should probably be saving as much as you can for retirement. If you aren't already, you should be taking advantage of your employer's contribution fund.
And, if your employer doesn't offer this, then you should be planning for your retirement yourself.
To plan correctly, you need to have some knowledge of the retirement industry.
So, here are some surprising facts about ret... ››› 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…
... ››› more
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
When it comes to saving for your retirement, the most important aspect is having enough in your pension pot for your golden years. But how much should you be squirrelling away every month? Read on to find out how you can work this out…
To ensure that you’re saving enough for your retirement, you’ll need to get a bit technical, Phil Oakley in MoneyWeek explains…
Annuity factors (AF) he... ››› 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
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