Now’s the best time to save for your retirement Siba Njoba > By Siba Njoba - 10 May 2021 - 07:30
Retirement is an important issue and you need to give it due consideration. Yes, I know I sound like that schoolteacher who was always scolding you about not doing your homework, but hear me out.
The tragedy is that for most South Africans, retirement will always be out of reach. Most of us simply don’t save at all, and the few who do remain largely disengaged from the process. It doesn’t have to be like this. Planning for your retirement is enlightening and empowering. It can even be fun.
Donât overlook retail savings bonds as an investment
By Opinion
By Anna Rich
THE option for South Africans to save in government-backed RSA Retail Savings Bonds has been running since 2004.
In exchange for your investment over two, three, five or 10 years, you are paid interest at a rate that is set at the start. As at March 6, the total assets held in these bonds was R8.7 billion.
Over the five years from 2014 to 2019, RSA Retail Savings Bond investors who reinvested their interest saw compound annual growth of up to 10.31 percent, according to the bond fact sheet. And this is not eroded by fees: there are no performance or management fees.