Renette Zeelie: 018 786 1882 | Charl Oosthuizen: 083 377 1441 | Johan Potgieter: 072 928 5380

Super Charge Your Retirement Efforts

by | Aug 7, 2014 | Blog, retirement | 0 comments

Super Charge Your Retirement Efforts

Everyone should be saving for their retirement. The earlier you begin this process, the more you will have later on when you need this. Unfortunately, people are missing some obvious ways that they can be generating more of an income for themselves and maximizing the amount of money they will have.

This begins with the retirement plan your employer is offering. Most employers will match the savings that you are pulling from your account, up to a certain percentage point. This is money they are investing in your future and in most cases it will be just given to you as long as you meet the minimum employment requirements that are in place. Some companies will make you wait a year others will make you wait three years before they will match.

Retirement accounts are another place to store funds. Pay close attention to your allocation into these accounts and choose ones that will have solid growth to their plan. Some retirement accounts invest in specific types of stock funds. It is important to pay close attention to the sector and maintain a portfolio that has more risk early on for maximum growth, while focusing on safer investment options later in life. That way, your funds are better managed and the risk of losing everything dwindles some.

Ideally, you will work closely with professional investors who can help you to supercharge your efforts. While you can have a degree of success on your own, most people will find that their independent efforts won’t be as high as those they receive with an actual firm. However, you do need to sit down and review the information about any potential company you are looking for and pay close attention to hidden fees and requirements. Too often, hidden fees and surprise charges slowly eat away at the amount of funds you have, leaving you with nothing to show for your hard work and savings. When your balance reaches a certain point, most companies will begin to work with you for little or no fees, leaving you more in the bank when you are ready to retire.

There are plenty of things to consider when looking at your retirement account. Keep these tips in mind and do what you can to supercharge the experience you have and to maximize the amount of money that you end up putting into it.

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Renette Zeelie

Tel: 018 786 1882

Fax: 086 617 8136


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