Starting a retirement plan in your 20s instead of in your 30s gives you a ten years head-start, which means you get to save more. Starting younger is ALWAYS advisable but the first step is just starting (it's already much better than doing nothing).
However, the reality for many South Africans dictates that we live from hand to mouth because of our earning ability. This means that there’s little to no room to factor in retirement savings in our budgets.
But if your goal is to have a comfortable, secure, and fun life post-retirement, you have to take the right steps to achieve it. Doing this also breaks the poverty cycle, which burdens your future kids or family members with taking care of you when you’re old and too frail to work.
If you click to read our blog post on retirement saving steps to consider, you’ll learn more about retirement and how to plan towards a comfortable retirement.
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