People are living longer as a result of i mprovements i n medicine and healthcare technology and other incentivised interventions by health companies across the globe encouraging people to adopt and live healthier lifestyles. Despite what one might think, this is actually particularly worrisome in a country like South Africa because retirement savings and retirement planning in general are at alltime lows.
The best advice one can probably follow is to start saving for retirement as early as possible and save for as long as you possibly can to ensure that your retirement years are indeed your golden years.
However, it is not an unusual trend to see young people put retirement planning on the back burner until they’re ready to settle and start a family.
So, say you’re 35 years old and have never in your life saved a cent towards retirement. Where do you start? Well, we asked some experts in the field to dish out some of their top tips for you.