The long awaited two-pot retirement fund system will come into effect on March 1 2024. So when can you access your savings pot? And what happens to your existing retirement funds?

On March 1 2024, the long awaited two-pot system will mean a significant change in the South African retirement fund system. But what happens to your existing retirement funds?

A theoretical JSE portfolio that pays monthly dividends. This is perfect for retirement income or for those just wanting regular cash flow. Updated with new yield and one replacement. Updated for June 2023.

Investing for retirement is not a one size fits all narrative, and not everybody wants to actively manage their retirement investments. But there are small steps you can take that will make a big difference to your retirement portfolio.

Just because you’re old enough to retire, doesn’t mean that you are always wise enough to avoid bad financial decisions. We’ve listed some you’re sure to encounter – along with their better counterparts.

Retirement decisions can be very simple or very complicated. Unfortunately, as our working lives become more complicated, there’s a lot less of the simple decisions. Getting familiar with terms like ‘annuisation’ and the different types of annuities, will give you a head start.

The style of shoes we wear changes as we go through life: From risky nightclubbing heels to more professional brogues, until we opt for the most comfortable. The same goes for the assets in your portfolio. But we’re living (and working) longer. Should you be wearing your almost-retired shoes when you’re still in your 50s?

How conservative is conservative? Reducing your exposure to risk is crucial – a retiree relies more on return than risk to cover their monthly expenses. But can your retirement investment continue to grow after you’ve retired?

A qualified financial advisor can provide valuable support, insight, and guidance when it comes to your retirement savings. But the wrong fit can cost you dearly. If you’re considering professional help, here are some important considerations to keep in mind.

“Where do I begin with retirement planning?” We’ve made a list of five considerations to get you going.

What’s the difference between early retirement, retirement and resignation? Let’s start with what they have in common: You’re leaving your employer. And most of the time, that’s the only commonality. Where they differ most relates to accessing your retirement savings (and associated tax implications). But there are one or two other issues to consider.