Planning for your retirement can be stressful – there is just so much to consider. Gumtree gives you a plan of action to follow to make the transition easier.
- It is never too late to start planning and saving for your retirement. But according to financial experts, the right age to start doing so is in your 20s. We understand a lot of us may have missed that mark, but do not be disheartened. Every Rand you save from now on can help in the future. Thus, do not postpone saving any longer.
- Choose the right investment products so you qualify for tax relief. The more you save from tax, the more you can save for your retirement. And if you get a refund from SARS, you know what to do – reinvest it, of course!
- While jumping from one job to another, you will naturally be tempted to cash out your retirement savings. Save this instead and see it appreciate greatly in the future.
- It is always advisable to consult a professional financial planner who can analyse your finances and tell you exactly how much you need at retirement and how to get there.
- Accessibility: The following factors are the most important to consider: visibility and lighting, minimal steps or stairs, easy access to outlets and drawers etc.
- Close to amenities: Choose a home that is close to the facilities you need including the doctor, groceries, parks, entertainment and cultural hubs, restaurants, and walking trails.
- Yard and gardens: Find a home that requires minimal maintenance of the yard.
