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In the face of rising living costs and high levels of household debt, the notion of retiring comfortably seems beyond reach for many South Africans. However, retirement income specialist Just maintains that soon-to-be retirees can facilitate a smoother transition towards a sustainable lifestyle in retirement by rethinking their essential spending.
No couple believes on their wedding day that their newly minted union will end in divorce. The stark reality is however that just under half of marriages in South Africa do not last 10 years. And many of us have little to no understanding of how our various assets will be split up if it happens or how this will impact our journey to a successful retirement.
The last five years have been particularly difficult for retired investors in South Africa as both Equity and Balanced Funds have delivered below average returns. This has meant many investors drawing an income have seen their capital values decrease. Given the recent negative GDP growth figures and the uncertain outlook for South Africa, retired investors are becoming more concerned about their capital and whether it will last for their entire retirement.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?