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Saving to retire comfortably is possible

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Cape Town - There has been an increase in the number of individuals utilising provident or pension funds (51% to 53%) and retirement annuities (25% to 30%) between 2016 and 2017, according to the recently released 2017 Old Mutual Savings and Investment Monitor.

While this highlights that more South Africans are understanding the value of saving for retirement, only the right financial provisions will ensure that retirees can remain financially stable during their golden years, according to Malusi Ndlovu, head of Old Mutual Corporate Consultants.

He said careful planning and dedication is key to live a desired lifestyle during retirement.

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