Beyond Traditional Savings: Unconventional Investments for a Diversified Portfolio
Humans are living longer than ever, making retirement planning more and more important, not to mention more and more complicated. It’s never too early or late to start planning for retirement, but it is important to plan actively. This begins with identifying your retirement income goals, considering your likely expenses, setting up some sort of savings programme, and managing your assets and risk.
In doing so, most people with the means will make contributions to a compulsory (retirement) savings product, either a pension or provident fund if you’re an employee of a company, or a retirement annuity fund if you’re self-employed or your employer has no retirement arrangements.
Compulsory products have a number of advantages. You deduct up to 27.5% of your retirement savings contributions ...