Preparing for Your Ideal Retirement:
Why Starting Now Matters!
Retirement is a significant milestone in life, and how you prepare for it today greatly impacts your future lifestyle.Whether you dream of traveling the world, starting a new business, or simply enjoying a comfortable retirement, financial security is key.
Here is why retirement planning is essential and how starting a retirement annuity plan can pave the way for your ideal retirement.
The Need for Retirement Planning
Retirement is a deeply personal journey, shaped by individual aspirations, desires, and circumstances. Some people want a retirement filled with travel and adventure, while others prefer spending time with loved ones or pursuing hobbies.Whatever your wishes are, one thing remains constant: the need have the financial ability to support your chosen lifestyle.
However we choose to do, having enough pension money is the answer to a successful and happy retirement!
Save today and you can retire where you want tomorrow.
The Role of Pension FundsFinancial stability in retirement depends upon having adequate pension funding.
This means you need proactive planning and to invest in retirement vehicles such as pension schemes or retirement annuity plans.
These financial instruments provide a reliable source of income during your golden years, ensuring you can live comfortably and pursue your passions without financial constraints.
Confronting Harsh Realities
We all want a carefree retirement, but the reality is that 94% of South Africans do not enjoy financial security in retirement.
This statistic definitely underscores the importance of having a retirement planning strategy, as it is the only way to avoid falling into this trap.
What You Should Do
In order to afford your desired standard of living in retirement, financial experts recommend aiming for a minimum of 70% of your final salary as a pension. And saving a lump sum equivalent to approximately 10 times your highest annual salary.
These benchmarks serve as real goals to try meet for when planning your financial future.
Having money in retirement, means every one of us needs to have a pension or retirement annuity plan today.
- Inflation in retirement is your greatest threat.
- You could live more than 30 years in retirement, with no salary!
- Will you have enough money to live until the age of 90?
Managing money during retirement is very different to managing money before retirement.
If you would like an indication of how much you should be saving for your
Retirement, please complete the Write to Me request form and email it to me.
I will reply with some values for you.
Your retirement is going to happen!
If it is to be all you want it to be, only you can make that happen.
If you do not save for your retirement, no one else will do it for you.
To help your chances of getting this money, you need to start saving today.
The sooner you start your Retirement Plan, the better your future after you stop working.
Of course it's a long-term saving, and compound interest will be vital part of your final value!
And compound interest needs time to work - So start now!
I can:
- Show you how much you should save for a comfortable retirement.
- Help you to start on your Retirement savings.
- Help you decide which investments to buy.
- Show you how to save tax on your savings.
- Explain the types of investments you should consider.
- And much more...
I have been in the insurance business for over 30 years and have yet to see a retirees who has enough money!
I have seen the huge difference that a retirement investment has made to the lives of many retirees.
Please contact me:
083 655 2164
Medical aid pays healthcare costs.
What if a disability STOPS your income?
YMYL: YOUR TRUSTED, QUALIFIED ADVISOR
Peter Pyburn - Authorised Financial Services Provider, fully licensed to render financial services since 1991. Death and Disability Planning; Retirement Planning; Investment Planning; Healthcare and Estate Planning.
Get Metrofibre and be rewarded for for using their excellent speeds and service.
By submitting an enquiry you agree to us collecting the information in the fields above. Please refer to our POPI Manual.
Your data will be processed according to the Protection of Personal Information Act (POPIA) guidelines
South African rights reserved.
Last update: October 31, 2024