Late re­tire­ment

Finweek English Edition - - INVESTMENT - Tandisizwe Mahlutshana

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.

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