Most people in South Africa find themselves in financial insecure situation once they retire. This is because more often than not, they do not plan their retirement ahead of time. They often realize that they cannot afford to retire financially independent when it is too late.
Retirement financial planning involves determining retirement income goals and learning about and choosing strategies that will enable you achieve the goals to secure your retirement years. Retirement financial planning includes identifying income sources, reducing expenses, implementing a savings and investment programs, and managing assets and risk. Estimating the expected future cash flows will help you weigh if the retirement income goal is possible.
You have to factor in your retirement plans in into your personal financial planning as early as possible. That’s the best way to ensure a safe, secure and good retirement.
In planning for retirement, you need to consider your required income at retirement in relation to your existing provision in order to determine any additional amounts that you must save in order to achieve your objectives.
Researches by insurers in South Africa have shown that less than 6% of people can retire financially independent. If you’re still within your economic active age, it is never too late for you to start saving and investing for retirement. The earlier you start, the better.
Good retirement planning creates the great dichotomy in society, separating the "haves" from the "have-nots".
Your retirement plan will most probably be the largest investment you will ever make.
Best Retirement Planning Companies in South Africa
- BWM
- PWG Financial Planner
- Ascor
- Sable International
- Ultima Financial Planners
BWM
Brenthurst Wealth Management ranked as South Africa's LEADING BOUTIQUE WEALTH MANAGER for six consecutive years in the Intellidex Private Bank & Wealth Manager award. It’s also WINNER 2020 & 2017, TOP 3 2022 & 2021, RUNNER-UP 2018 and TOP4 2019.
BWM has a team of professional planners who have good knowledge of ever-changing global market conditions.
Services offered by Brenthurst Wealth Management include:
Investment Planning
Retirement planning
Offshore investment
Tax Planning
Estate planning
Risk planning
Bwm.co.za
PWG Financial Planner
PWG Group provides full suite of financial services in South Africa through it three different businesses: PWG Advisory Services, PWG Short Term Advisors and PWG Fiduciary Services.
PWG Advisory Services (Pty) Ltd offers Investment, Asset Management, Life Insurance, Medical Aids and Business Insurance.
PWG Short Term Advisors (Pty)Ltd offers advisory services on all Commercial and Personal Lines Short Term Insurance Products.
PWG Financial Planner assists its clients in designing a Retirement Product according to their unique risk profile and for the run-up to Retirement as well as duration of their Post Retirement Financial Planning.
Advisory services offered by PWG Financial Planners include:
Financial & estate planning
Investment planning
Retirement planning
Employees benefits
Life insurance
Disability assurance
Business solutions & insurance
Funeral cover
https://pwggroup.co.za/index.php