Even the most meticulous planning can throw retirement plans into disarray, especially with the extreme market volatility and uncertainty of late.
For those who prefer a prudent approach to exiting the working world, determining your “financial freedom number” may be of interest.
How and when you retire depends on how well you’ve prepared in the years leading up to it, and South Africa has one of the worst savings rates in the world.
As tough as stashing away a little money each month can be, failing to do so is really just kicking the can down the road.
You might want to give this a read before you start planning your retirement on the beaches of another continent.
Many South Africans need to start changing their relationship with money, if we’re going to make it out of this pandemic financially sound.
The world of investing is overrun with myths and commonplace assumptions, that in reality should have no bearing on your financial planning.