Get a head-start on an inspired retirement
Since the concept of retirement was introduced in Germany just over 100 years ago, medical advances have meant that people are living longer, making their golden years a potentially fruitful and productive chapter of their lives. The downside is that very few of us save enough to cater for a lengthy retirement.
So says Andrew Padoa of Consolidated Financial Planning, one of the exhibitors at the second annual Retirement Expo, taking place from 26 to 28 October 2012 at the Coca-Cola dome in Johannesburg.
Padoa says it is very difficult for the average person to save enough capital during their working years to provide an adequate monthly income during today’s extended periods of retirement.
Many also regard the concepts of inflation, compound growth and invest...