A CHANGE IN MINDSET REQUIRED?
Saving for retirement is really about building wealth. It's about adopting a mindset, at an early age, that life is not about trying to "impress people you don't like with things you can't afford", but about building financial reserves through wise, long-term investing, with the ultimate goal of complete financial freedom, whether that be at 45 or 85. It's about balancing day-to-day needs with achieving long-term life goals.
This edition of IOL MONEY digital magazine focuses on building your wealth through retirement funds, which offer generous tax breaks. Among other things, find out:
- Why South Africans are in a crisis when it comes to retirement savings
- The advantages of new-generation retirement annuities
- Changes to provident funds, from March 1
