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Are South Africans prepped for early retirement?

Only 8.3% of pension fund members have sufficient savings to generate a pension of about 70% of their current salaries.

Retiring early requires careful consideration, as it means saving for a lesser period than previously budgeted. This conversation has become relevant as the government has called on older people in the public sector to retire earlier, to assist the government to slash its wage bill. Nompu Siziba discusses whether South Africans are putting enough away to retire comfortably with Tristan Naidoo, a legal advisor at Old Mutual Personal Finance.

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