Securing your retirement

PROACTIVE: IS YOUR FUND ENOUGH?

- Liesl Kleinsmith

Years ago, the concept of "retirement planning" was hardly a consideration for most working individuals. For our parents' generation, a retirement fund deduction was merely a standard line item on the payslip, often going to a provident or pension fund with little follow-up or proactive management.

This lack of financial literacy and transparency contributed to the significant volume of unclaimed benefits that we now see in South Africa.

Fortunately, retirement fund communication and education have evolved substantially. However, just belonging to a retirement fund is not enough to ensure a secure financial future.

Here are key strategies that can help you achieve your retirement goals.

1. Connect with a financial advisor

Many of us may delay talking about finances, yet we often think about them. Avoiding financial discussions can have serious repercussions.