How early in my career do I need to start planning for retirement?
We all hope to retire in comfort one day, however statistics reflect that only 4% of South Africans retire in comfort; 12% simply get by; 33% have to reduce their lifestyle dramatically; and an alarming 51% retire in circumstances that force them to supplement their income or rely on family members for financial support.
Financial planning has to start 30 to 45 years before you plan to take your retirement if you want to be financially independent with options and funds to provide you with sufficient income in your retirement years.