Only 6% of retirees can retire financially independent.
This mean that 94% of pensioners rely on the support of their children and the state, or they just cannot afford to retire.
You must decide whether you want to be part of the 6% or the 94%?
I’m the last person to suggest that retirement products like pension funds and retirement annuities are the only way to save for retirement, but it’s one of the vehicles you must use to reach your goals at retirement.
Remember, the younger you start to save for retirement, the less you would have to save per month to get to your retirement goal. Speak to us to get appropriate and professional advice on planning for retirement.