NorFin

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Norfin

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South Africa’s retirement fund industry will be undergoing significant changes this year, with the latest being the implementation of the two-pot retirement system. Read here to find out what you need to know.

Read more: https://www.linkedin.com/feed/update/urn:li:activity:7231209317104852993

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‘It’s a lifelong commitment’ – Experts weigh-in on the cost of going off-grid A number of households and businesses across the country have been looking at alternative ways in which they can go off grid and free themselves from the escalating blackouts.

Contact us today to speak to a Qualified Financial Advisor. And start securing your financial future. Just send us a DM with your contact details and we will get one of our advisors to contact you for a obligation free Zoom consultation.

When it comes to the younger generation and saving, things like the high inflation rate, rising cost of rent and other living expenses, seem to be some of the reasons millennials and Gen Zers feel like they're falling behind previous generations when it comes to saving up for retirement.

A Deloitte Global 2022 Gen Z & Millennial Survey looked at more than 23,000 millennials and Gen Zers internationally and found that nearly half of them were living month to month. Cost of living was also rated as one of their top concerns. But there are many reasons that highlight why saving as early as possible for retirement is the best financial decision a young person can make.

One of reasons is being able to earn compound interest as a result of investing over longer periods of time. As opposed to the older generation, younger people have the benefit of time on their side and the earlier you start to invest, the more you will be able to earn on your investment. The important thing to note is that it is never too late to start saving for your retirement, and the first step is to find a professional financial adviser for this important journey to financial freedom.

Get in touch with one of our Consult advisers for the perfect investment vehicle suited to your specific needs. bit.ly/3R0VHDs