Retirement Planning
Do you have sufficient capital to substitute your income one day when you retire, or are you currently retired and unsure how long your capital will last? How does inflation affect your monthly income? Studies have shown the following with regards to retirees:
• 47% were dependent on relatives
• 31% were forced to continue working
• 16% were dependent on a state pension
• 6% were financially independent
Retirement planning is more than simply contributing towards your retirement fund. It requires Pre, Present- and Post retirement planning that requires knowledge on taxation law, compound interest calculations and a carefully thought-through investment plan.