IF YOU SCORED MOSTLY As (NAKED NICK)

Nick (like too many South Africans) believes retirement is something to worry about when you’re retired.

In fact, 49% of South Africans surveyed for the 10X Investments Retirement Reality Report 2020 said they didn’t have a retirement plan (with women faring worse than men, in general).

Imagine you retire at the decent age of 55 or even 60; how will you support yourself for the next 10, 20, 30 years?

Think about the type of lifestyle you want to have in retirement and you will realise pretty quickly that you should start putting something aside now.

The good news is that starting early and investing diligently and sensibly means the growth on your savings will make up a big part of your total. In other words, let your money do some of the work for you.

Start by making a plan using a retirement savings calculator.