In this sobering article attached, it highlights the realities of not saving enough and some key points for successful retirement.
- 1 in 10 people can maintain their original standard of living on retirement
- 8 out of 10 people worry about having enough money to retire
- 5 out of 10 people are uncertain of current retirement savings value
- 6 out of 10 people failed to preserve
However, a comfortable retirement is in reach if you put in place a good plan and apply the discipline to stick to it.
- Understand your retirement objectives
- Match your savings with your risk profiler
- Lower your saving costs. Over time, high costs can significantly erode your final retirement funds
- Preserve your capital when changing jobs
- Keep investments simple, but diversified
- Try saving at least 15% of your monthly income for at least 35 years
- Stick to your plan and remain disciplined
Talk to one of our advisors now to start your savings plan.
Read more about saving for retirement here