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