DECEMBER 2020/JANUARY 2021

Page 48

FINANCIAL FITNESS

Writer: Allison Cooper

What’s your plan for retirement?

I

f you have not started

career, others are more

ment, who are responsi-

completed their school-

saving for retirement,

optimistic and see it as

ble for supporting their

ing are perhaps the

start immediately, even

the beginning of their

own children while also

main reasons, he adds.

golden years.

caring for their aging

if it is still many years away. The earlier you start

“Approaching retire-

parents,” says Errol Meyer,

Take charge

saving, the more com-

ment can be a daunting

a legal specialist at

In addition, saving for

pound growth you will

prospect and a huge

Standard Bank Financial

post-retirement medi-

accrue.

emotional barrier to

Consultancy.

cal expenditure is fast becoming a reality for

Most people have

overcome, especially for

mixed emotions about

the sandwich generation

are living longer and

many. What can we do

retirement. While to some

– people typically in their

children are still depend-

if we find ourselves in

it is the end of their long

last 10 years to retire-

ent long after they have

these scenarios?

48

The fact that people

Public Sector Manager • December 2020/January 2021


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