New Year’s Resolution: Prepare for a successful retirement
You might have heard the statistics on the current retirement landscape in South Africa, where only 6% are properly prepared for retirement. This is due to the fact that people are living longer, healthier lives, and are therefore living longer in retirement.
The question then becomes how does one properly prepare for retirement and you may start asking yourself if you are properly prepared for retirement. The key to having a successful retirement is to start saving as early as possible to ensure that you have enough money at retirement. You would also need to be conservative with your income in retirement to ensure that your fund value is not depleted and therefore can sustain your annuity income for longer.