PERSONAL FINANCE: Four common mistakes that could jeopardise your retirement planning

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 84%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

You’re probably going to live longer than your parents, but have you stopped to think about what that means for your retirement planning?

According to the South African Medical Research Council, the average life expectancy in South Africa is only 64.7 years. However, British economist and world-leading expert on longevity Andrew J Scott says we need to start planning for a life that will last to the ripe old age of 100. If you retire at 65, that would mean a retirement period of 35 years – almost as much time as you spent working if you started earning a salary at 25!1.

Instead of planning for a 20-year retirement period, ask your financial planner to draw up different scenario plans in which you live for 20, 30 or 35 years past retirement age. Your planner can ensure that you are saving sufficiently or come up with a feasible retirement plan. Pensioners are increasingly continuing to work post-retirement, and a side hustle or freelance work can bolster your retirement income.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable.

I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Cynthia_Neliwe1 on Twitter She guides me through and i made a return of R155,00 after a week of trading, connect with her

I am super excited right now, I can now pay my bills and take good care of my family.. Thank you for bringing happiness to my home with just $5000 i got $50,000 in 7days Williamchurch07

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인