Streaming issues? Report here
CapeTalk logo 2017 1500 x 1500
Weekend Early
03:00 - 06:00
volume_up
volume_mute

Up Next: Weekend Breakfast with Africa
See full line-up
Weekend Early
03:00 - 06:00
Home
arrow_forward
MyMoney Online

5 retirement saving tips for those who left it late

14 October 2019 2:48 PM
It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

(Click here for more personal finance advice.)

If you’re in your 30s, 40s or 50s – and you don’t have much or any investments – there’s still lots you can do to ensure a comfortable retirement.

The Money Show’s Bruce Whitfield asked Jeanette Marais for five tips for those who have left it late.

(Note: Marais is with Momentum Metropolitan Life Limited. When the interview took place, she was with Allan Gray.)

pixabay.com, 2019

How to save for retirement when you’ve left it late (in the tiniest of nutshells):

1.

The biggest problem is when people leave jobs without preserving their retirement savings.

Jeanette Marais

2.

If you start at 40 you must save 40% of your income to make up for the lost time.

Jeanette Marais

3.

Delaying retirement by five years will make a huge difference.

Jeanette Marais

4.

Do not be too conservative! You must have equity exposure.

Jeanette Marais

5.

Merely putting your money in the bank guarantees the loss of buying power.

Jeanette Marais

For more detail, listen to the interview in the audio below.

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


14 October 2019 2:48 PM

More from MyMoney Online

mr-price-logojpg

3 best JSE shares to buy, right now (by The Robert Group)

19 November 2019 12:24 PM

Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.

Share this:
Read More arrow_forward

Mother teaches young daughter saving 123rfbusiness 123rfpersonalfinance 123rf

Schools don’t teach personal finance - how to raise a future millionaire

18 November 2019 8:38 AM

Personal finance expert Warren Ingram (Galileo Capital) on how to raise financially free children.

Share this:
Read More arrow_forward

Karatbars

Karatbars – is it a scam? The case for and against…

15 November 2019 10:06 AM

Bruce Whitfield interviews senior Karatbars representatives, a financial advisor and someone who was invited to its conference.

Share this:
Read More arrow_forward

Micky Mouse Walt Disney

Why 27Four is buying Clicks, AECI and Disney

12 November 2019 10:40 AM

Nadir Thokan (Co-Chief Investment Officer at 27Four) shares his stock picks of the week with Bruce Whitfield on The Money Show.

Share this:
Read More arrow_forward

Standard Bank building in Cape Town

Kruger International is buying Standard Bank, Visa and owner of Johnnie Walker

5 November 2019 10:47 AM

Kruger International Asset & Wealth Management Director Mia Kruger shares her stock picks of the week on The Money Show.

Share this:
Read More arrow_forward

No yes maybe

Why you should ignore (conventional) personal finance advice before retirement

1 November 2019 3:09 PM

Most personal finance advisors suggest reducing “risk” a year or two before retirement. Ignore them, reckons Warren Ingram.

Share this:
Read More arrow_forward

Statue of Liberty New York

Take as much as you can out of South Africa, now! – wealth manager

1 November 2019 1:24 PM

After a "calamitous” mini-budget, Austen Morris Associates does not see a single reason to invest any discretionary funds in SA.

Share this:
Read More arrow_forward

Ferrari

3 hottest shares to buy, right now (according to Nitrogen Fund Managers)

29 October 2019 1:32 PM

Rowan Williams shares his stock picks of the week with Bruce Whitfield on The Money Show.

Share this:
Read More arrow_forward

freedom breaking free

Formula for calculating how much you need to never have to earn a salary again

25 October 2019 2:13 PM

Personal finance expert Warren Ingram on how to determine your “financial freedom number”. There's a simple formula.

Share this:
Read More arrow_forward

Discovery, Sandton

Why Vestact is buying Discovery (JSE), Long4Life (JSE) and Booking.com

22 October 2019 8:31 AM

Portfolio Manager Byron Lotter shares his stock picks of the week with Bruce Whitfield on The Money Show.

Share this:
Read More arrow_forward