How to Easily Save For Retirement

Retirement savings

I had an amazing breakthrough this weekend about my relationship with myself and since then life has been a mix of everything - joy, pain, love, anger.

For the last 2 years I've been blogging about paying off debt and saving, but now that my debts are all paid up, I want to focus more on creating creating wealthy, building an investment portfolio  and living with purpose.

This week we launch #WealthyMoneyTV, which is a personal finance/ emotional intelligence talk show where I interview a bunch of experts to help us all understand how to create wealth.

In this week's show I talk to Chenine Gouws, my financial advisor about saving for retirement.

 

There are 3 different ways that South Africans can save for retirement

 

1. Pension Fund

 

You can save for retirement through your company's pension scheme and sometimes your company can match your contribution to this scheme. 

 

2. Retirement Annuity

 

You can save for retirement yourself through a retirement annuity (RA).  This is a great option for entrepreneurs

 

3. Provident Fund

 

Your company can save for retirement for you and you don't have to contribute anything.

 

Watch the video below to learn more:

 

Have you started saving for retirement? 

Do you have any questions on savings and retirement?

Let me know in the comments section below.