Retirement PlanningRetire comfortably with a plan to achieve your goals and dreams upon retirement.
Planning for your retirement is an ongoing, lifelong process that takes years of commitment and persistence to achieve financial independence.
According to the South African National Treasury nearly half of our population will depend on family support once we reach retirement age. Another 31% are forced to continue working while 16% rely on state pensions. Only 6% of South Africans will be able to maintain their standard of living after retirement.
It is also a well-documented fact that we are living for far longer than we used to which can make retirement planning more difficult than it did 50 years ago.
Time, risk and savings amounts are the three most important things you need to take into account when saving for retirement. Time is the most important. The sooner you start saving, the better, because compound interest works, and the earlier you start, the less you have to save.
Your retirement goal should be to build up enough assets to provide adequate income to meet your needs through retirement.
Whether you just started your career or if you are close to retirement, North West Franchise has the resources to plan for the retirement lifestyle you want.
At North West Franchise we specialise in pre-retirement and also post-retirement planning.
Speak to an adviser today for a free consultation to determine your retirement planning needs.
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North West Franchise is an affiliate of Liberty
The information contained in this document does not constitute advice by North West Franchise. Any legal, technical or product information contained in this document is subject to change from time to time. If there are any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Past performance cannot be relied on as an indication of future performance. Investment performance will depend on the growth in the underlying assets, which will be influenced by inflation levels in the economy and prevailing market conditions. Any recommendations made must take into consideration your client’s specific needs and unique circumstances.
Liberty is an Authorised Financial Services Provider in terms of the FAIS Act (License No. 2409)