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Last week, the Minister of Finance released details around relief measures, which are being provided to support the recovery of the economy and offer relief to the poor in response to Covid-19 restrictions and recent civil unrest.
Retirement planning is often seen as a complex topic or something to be tackled later in life. Instead this is an important topic that should be top of mind at the early stages of our lives.
As many as 50% of South Africans do not have a retirement plan, according to the 10X Investments Retirement Reality Report of 2020, and only 6% of the working population will have a decent retirement, according to the National Treasury.
Retirement is of one of the greatest age milestones and financial transitions one can achieve after many years of employment service or of running their own business. Many retirees see retirement as a transitioning from the working grind, to days of leisure and relaxation. However, there is another shift at play which is ending the days of earning an income and beginning the days of measured spending.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?